$BTC Update - Oct 23
Bitcoin is trading around $81,800, down ∼3% in last 24h.
📉 What happened?
BTC dropped from $83,400 to $80,819 low, now trying to hold $81,300 support.
US tech stocks (Nasdaq -2.6%) sell-off + AI spending fears dragging crypto down.
Fidelity FBTC saw -$217M outflow today, adding pressure.
Fear & Greed Index dropped from 68 (Greed) to 50 (Neutral) in one day.
🔍 Key Levels:
Immediate Support: $81,300 - $80,800
Resistance: $81,400 - $82,900
If $80.8k breaks, next target is 200-day SMA around $72,700
Volume is 2.1x higher than average - so this is real selling, not just a shakeout.
This is a critical zone. Hold above $81.3k = shakeout. Break below = deeper correction.
What do you think? Bounce or more dip?
#BTC #Bitcoin #CryptoMarket
Bitcoin is trading around $81,800, down ∼3% in last 24h.
📉 What happened?
BTC dropped from $83,400 to $80,819 low, now trying to hold $81,300 support.
US tech stocks (Nasdaq -2.6%) sell-off + AI spending fears dragging crypto down.
Fidelity FBTC saw -$217M outflow today, adding pressure.
Fear & Greed Index dropped from 68 (Greed) to 50 (Neutral) in one day.
🔍 Key Levels:
Immediate Support: $81,300 - $80,800
Resistance: $81,400 - $82,900
If $80.8k breaks, next target is 200-day SMA around $72,700
Volume is 2.1x higher than average - so this is real selling, not just a shakeout.
This is a critical zone. Hold above $81.3k = shakeout. Break below = deeper correction.
What do you think? Bounce or more dip?
#BTC #Bitcoin #CryptoMarket