Bitcoin’s $83,600 Breakout Test Hinges on an Hourly Close

Bitcoin (BTC) was $46.18 below an hourly resistance marker in a BTC/USDT snapshot taken Wednesday, Oct. 21, while a later quote in a different pair did not establish the chart’s breakout condition. The snapshot put BTC/USDT at $83,554.00, with hourly R1 at $83,600.18. The chart’s confirmation test required a completed hourly candle to close above that level; daily R1 at $83,911.43 was the next level in focus. The previous completed hourly candle closed at $83,500.01. The chart also marked an hourly pivot at $83,493.83 and S1 support at $83,393.66. A separate BTC/USD quote was $84,684.33 at 5:24 p.m.

Source: TokenPost