BTC is stuck between two lines the whole market watches.
At $75,774 (Kraken, 10:20 UTC):
• 7.33% below the 50-day average ($81,765)
• 3.55% above the 200-day average ($73,175)
Below the short one, above the long one. The gap between them is the widest all year, so the next break likely sets direction. US CPI lands Nov 10, and a hot print could test the 200-day.
Which gives first: $73K or $82K?
Not financial advice.
$BTC #Bitcoin #CPI #CryptoMarket
At $75,774 (Kraken, 10:20 UTC):
• 7.33% below the 50-day average ($81,765)
• 3.55% above the 200-day average ($73,175)
Below the short one, above the long one. The gap between them is the widest all year, so the next break likely sets direction. US CPI lands Nov 10, and a hot print could test the 200-day.
Which gives first: $73K or $82K?
Not financial advice.
$BTC #Bitcoin #CPI #CryptoMarket