Bitcoin Price Analysis: BTC Rebounds to $80,300 but Remains Below Key Moving Averages
Photo: TheNewsCrypto
Bitcoin recovered toward $80,300 on Monday after falling below the $80K level, but its four-hour chart continues to show signs of weakness. The rebound follows several sessions of selling that pushed BTC down from above $84,000 last week. At the time of writing, the Binance four-hour chart shows BTC/USDT was trading at $80,303.61. The price had climbed from a recent low near $79,200, although it remained below both the nine-period and 21-period moving averages. Broader market data also placed Bitcoin near $80,400 on Oct 26, with an intraday range of approximately $79,278 to $80,839.
Source: TheNewsCrypto
