#bitcoin
Bitcoin is still struggling to pick a direction. After sweeping September's low on Friday, price has been moving sideways without any strong recovery.
For me, $74.7K is the level that matters most right now. As long as BTC holds this area, there is still a chance of recovery. But bulls need to push price back above $78.6K to show some strength. The next important resistance is around $81.1K.
BTC has already dropped around 14.5% from $87.4K, so some consolidation before the next major move wouldn't be surprising. If $74.7K breaks on a weekly closing basis, we could see another move towards $73K.
Let's see how BTC reacts around these levels. The coming days could give us a better idea about the next direction. ❤️
#BTC $BTC
Bitcoin is still struggling to pick a direction. After sweeping September's low on Friday, price has been moving sideways without any strong recovery.
For me, $74.7K is the level that matters most right now. As long as BTC holds this area, there is still a chance of recovery. But bulls need to push price back above $78.6K to show some strength. The next important resistance is around $81.1K.
BTC has already dropped around 14.5% from $87.4K, so some consolidation before the next major move wouldn't be surprising. If $74.7K breaks on a weekly closing basis, we could see another move towards $73K.
Let's see how BTC reacts around these levels. The coming days could give us a better idea about the next direction. ❤️
#BTC $BTC