BTC: the level that could decide the next move ๐จ
๐ Bitcoin starts October trapped in a decisive range.
After briefly breaking above US$ 85.000, BTC lost momentum and slipped back to approximately US$ 83โ84 thousand. The area between US$ 82 thousand and US$ 85 thousand continues to act as the main battleground zone between buyers and sellers. ๏ฟฝ
CoinDesk +1
The important detail: US inflation came in below expectations and initially helped risk assets. However, yields on US Treasuries remained high, limiting the continuation of the rally.
๐ Iโd watch two scenarios:
๐ผ BTC reclaiming and holding above US$ 85 thousand โ a sign of strength and the possibility of targeting higher regions.
๐ฝ Losing US$ 82 thousand โ increases the risk of a deeper correction.
And thereโs more: Citi raised its 12-month projection for Bitcoin from US$ 82 thousand to US$ 113 thousand, citing market activity, the macro backdrop, and ETF flows. This is an institutional projection, not a price guarantee. ๏ฟฝ
Reuters
๐ฌ And you: do you think BTC breaks above US$ 85 thousand first, or tests US$ 82 thousand again?
Comment: ๐ BULLISH or ๐ CORRECTION.
#Bitcoin #BTC #Crypto #Trading #BinanceSquare #CryptoMarket #criptomoedasgratis
๐ Bitcoin starts October trapped in a decisive range.
After briefly breaking above US$ 85.000, BTC lost momentum and slipped back to approximately US$ 83โ84 thousand. The area between US$ 82 thousand and US$ 85 thousand continues to act as the main battleground zone between buyers and sellers. ๏ฟฝ
CoinDesk +1
The important detail: US inflation came in below expectations and initially helped risk assets. However, yields on US Treasuries remained high, limiting the continuation of the rally.
๐ Iโd watch two scenarios:
๐ผ BTC reclaiming and holding above US$ 85 thousand โ a sign of strength and the possibility of targeting higher regions.
๐ฝ Losing US$ 82 thousand โ increases the risk of a deeper correction.
And thereโs more: Citi raised its 12-month projection for Bitcoin from US$ 82 thousand to US$ 113 thousand, citing market activity, the macro backdrop, and ETF flows. This is an institutional projection, not a price guarantee. ๏ฟฝ
Reuters
๐ฌ And you: do you think BTC breaks above US$ 85 thousand first, or tests US$ 82 thousand again?
Comment: ๐ BULLISH or ๐ CORRECTION.
#Bitcoin #BTC #Crypto #Trading #BinanceSquare #CryptoMarket #criptomoedasgratis