Bitcoin Holds Near $84,000 as Traders Eye $85,500 Resistance
- —BTC trades at $84,119, above its 7-, 20-, 50- and 200-day moving averages
- —Bitcoin gained roughly 7% in September while gold fell over 6%
- —Resistance stands at $85,513, support at $82,860 and $81,602
- —Taker buy/sell ratio of 0.877 shows sellers are more aggressive
Why it matters: A break above $85,513 could open the path to $88,715 and $90,000, while a drop to $82,860 would weaken the uptrend.
Source: Blockonomi