Bitcoin Falls About 6% as Futures Gauge Continues to Favor Sellers
Photo: TokenPost
Bitcoin (BTC) was at $81,600 on Oct. 20, about 6% below its Oct. 2 level, as a futures gauge favored sellers near the bottom of a three-week trading range. BTC stood $1,200 above $80,400, the range’s lower edge. It was at $86,700 on Oct. 2. Crypto analyst Axel Adler Jr. identified $80,400 as a level for judging whether the decline remains a pullback within that range. The market structure signal he cited fell from +0.37 a week earlier to -0.32. It had left its bullish zone but remained above the -0.5 threshold for a bearish reading.
Source: TokenPost
