Critical Reports for Bitcoin (BTC) from Wintermute and Bitfinex! “Breaking Above This Level is Essential for an Uptrend!”

Bitcoin, after falling below $76,000 due to uncertainty surrounding the US midterm elections, has recovered its losses and climbed back above $78,000. With uncertainty surrounding BTC continuing, Bitfinex analysts suggest Bitcoin may remain stuck between $77,000 and $80,000 in the short term. Due to weak spot demand, any upward moves towards $81,300 could face selling pressure. Bitfinex emphasized that the buying currently seen in the $77,000-$80,000 range is not aggressive, noting that the $81,300 level represents the next significant resistance where investors wishing to exit their positions may limit further gains.

Source: Bitcoin Sistemi