BTC LIVE UPDATE - $81,500 🚀
Bitcoin is currently trading around $81,500 and showing strong resilience!
LIVE Market Data:
Current Price: $81,500
24h Change: -0.9% Minor Correction
Market Cap: $1.63 Trillion
Nasdaq Drop: -2.5% Yesterday
Why is market down?
1. Nasdaq had a big drop of 2.5% yesterday, which created pressure on crypto.
2. Fed Meeting is on Oct 28, so market is cautious before that.
3. Liquidation Data shows $206M Longs at $81,093, so price is rotating around there.
Good News?
BTC performed better than Nasdaq, which shows BTC is getting stronger.
BlackRock IBIT ETF had $16.79M inflow yesterday.
BTC is still holding above strong support of $80,700.
My Analysis:
As long as BTC is above $80,500, I am bullish. If BTC breaks $82,800, next target will be $85,000. My long term target is still $100K.
This is not financial advice, just my personal opinion. DYOR.
What is your view? Will BTC go to $85K next week or drop to $78K? Comment below.
$BTC #BTC #Bitcoin #CryptoNews $BNB #BNB
