BITCOIN ($BTC ) — The market is testing investors’ patience
Bitcoin
Market snapshot
* Price: ~$73,500
* Recent decline from September highs above $86,000.
* Daily RSI: approximately 34.
* Spot Bitcoin ETFs recorded another $95M in outflows.
* Market liquidations remain elevated.
Technical perspective
BTC remains under short-term pressure.
Key levels:
* Support: $73,300 / $72,400.
* Critical downside zone: $71,500–$72,000.
* Resistance: $74,700–$75,000.
* Stronger recovery confirmation: $75,500.
A low RSI doesn’t automatically mean a bottom.
My thesis: I’m watching whether long-term buyers absorb selling pressure before considering a stronger recovery.
DYOR
#bitcoin #BTC #MannequinCrypto
Bitcoin
Market snapshot
* Price: ~$73,500
* Recent decline from September highs above $86,000.
* Daily RSI: approximately 34.
* Spot Bitcoin ETFs recorded another $95M in outflows.
* Market liquidations remain elevated.
Technical perspective
BTC remains under short-term pressure.
Key levels:
* Support: $73,300 / $72,400.
* Critical downside zone: $71,500–$72,000.
* Resistance: $74,700–$75,000.
* Stronger recovery confirmation: $75,500.
A low RSI doesn’t automatically mean a bottom.
My thesis: I’m watching whether long-term buyers absorb selling pressure before considering a stronger recovery.
DYOR
#bitcoin #BTC #MannequinCrypto