$BTC printed 85,845 today, its highest price since January 29.
Live numbers:
Price: 85,700 USD
24h: +6.4%, range 80,508 to 85,845
Market cap: 1.72T USD
One number that matters more than the headline: between January 30 and yesterday, the highest price BTC traded at was 84,736. At 85,700, every spot purchase made in the last seven and a half months is now in profit.
How it got here: the low of the month was 74,968 on September 15. Six sessions later price is about 14% higher. The September 3 top at 82,300, which capped every rally for two weeks, is now below price.
The last time BTC traded at this level, on January 29, it topped at 89,348 and then spent the following months lower.
The reference below is 82,300. A daily close back under it would put price back inside the range it spent most of September in.
Follow me for daily trending breakdowns.
#bitcoin #btc #crypto #altcoin #defi
Live numbers:
Price: 85,700 USD
24h: +6.4%, range 80,508 to 85,845
Market cap: 1.72T USD
One number that matters more than the headline: between January 30 and yesterday, the highest price BTC traded at was 84,736. At 85,700, every spot purchase made in the last seven and a half months is now in profit.
How it got here: the low of the month was 74,968 on September 15. Six sessions later price is about 14% higher. The September 3 top at 82,300, which capped every rally for two weeks, is now below price.
The last time BTC traded at this level, on January 29, it topped at 89,348 and then spent the following months lower.
The reference below is 82,300. A daily close back under it would put price back inside the range it spent most of September in.
Follow me for daily trending breakdowns.
#bitcoin #btc #crypto #altcoin #defi
