Bitcoin (BTC) Is Boxed Between $80,000 Support and $87,500 Supply
Photo: TokenPost
Bitcoin (BTC) is boxed between support near $80,000 and an overhead supply zone from $86,500 to $87,500, with a Federal Reserve rate decision and an MSCI list of index removals among the next catalysts in focus. A daily close below $80,000 would put ETF and corporate treasury holders at a loss on average. ETF inflows on Oct. 19 arrived amid thin trading, and volume had not followed the flows. A daily close above about $87,500, paired with renewed ETF inflows on rising volume, would show demand absorbing supply. Bids on Binance’s spot order book near $80,000 had returned by Oct.
Source: TokenPost
