Bitcoin Price Clings to $81K as Sellers Circle Critical Support

Bitcoin’s price is caught in an increasingly uncomfortable position, trading near $81,392 on Tuesday, Oct. 20, as short-term selling pressure clashes with a longer-term technical structure that has yet to surrender its bullish foundations. With the cryptocurrency slipping toward the bottom of its $81,155 to $82,667 intraday range, technical indicators favoring sellers and Bitfire Research warning of deteriorating macroeconomic conditions, the immediate contest centers on whether buyers can defend $81,100 or allow another retreat toward the psychologically important $80,000 threshold.

Source: Bitcoin.com News