BTC is retesting the $82,614 support level that everyone is watching.
After touching $87.3K on Monday, Bitcoin slipped 2.8% to $83,400 today. No panic - this is a healthy retest before the next leg up.
According to analysts, if daily close holds above $82,614, the target remains $98K - $99.5K. But if we close below it, we could see $75,339 which is also near Strategy's average buying cost.
U.S. Spot Bitcoin ETFs bought 12,000 BTC in one day and then another 8,000 BTC, with nearly $999M inflows on Sept 21 - the biggest in 11 months. BlackRock IBIT alone bought $350M.
So institutional buying is still very strong. This dip could be a gift before Q4 rally.
Are you buying this dip or waiting for $75K?
#BTC #BitcoinBTC is retesting the $82,614 support level that everyone is watching.
After touching $87.3K on Monday, Bitcoin slipped 2.8% to $83,400 today. No panic - this is a healthy retest before the next leg up.
According to analysts, if daily close holds above $82,614, the target remains $98K - $99.5K. But if we close below it, we could see $75,339 which is also near Strategy's average buying cost.
U.S. Spot Bitcoin ETFs bought 12,000 BTC in one day and then another 8,000 BTC, with nearly $999M inflows on Sept 21 - the biggest in 11 months. BlackRock IBIT alone bought $350M.
So institutional buying is still very strong. This dip could be a gift before Q4 rally.
Are you buying this dip or waiting for $75K?
#BTC #Bitcoin
After touching $87.3K on Monday, Bitcoin slipped 2.8% to $83,400 today. No panic - this is a healthy retest before the next leg up.
According to analysts, if daily close holds above $82,614, the target remains $98K - $99.5K. But if we close below it, we could see $75,339 which is also near Strategy's average buying cost.
U.S. Spot Bitcoin ETFs bought 12,000 BTC in one day and then another 8,000 BTC, with nearly $999M inflows on Sept 21 - the biggest in 11 months. BlackRock IBIT alone bought $350M.
So institutional buying is still very strong. This dip could be a gift before Q4 rally.
Are you buying this dip or waiting for $75K?
#BTC #BitcoinBTC is retesting the $82,614 support level that everyone is watching.
After touching $87.3K on Monday, Bitcoin slipped 2.8% to $83,400 today. No panic - this is a healthy retest before the next leg up.
According to analysts, if daily close holds above $82,614, the target remains $98K - $99.5K. But if we close below it, we could see $75,339 which is also near Strategy's average buying cost.
U.S. Spot Bitcoin ETFs bought 12,000 BTC in one day and then another 8,000 BTC, with nearly $999M inflows on Sept 21 - the biggest in 11 months. BlackRock IBIT alone bought $350M.
So institutional buying is still very strong. This dip could be a gift before Q4 rally.
Are you buying this dip or waiting for $75K?
#BTC #Bitcoin
