Bitcoin slips below $83,500 hours after defending the level
- —Bitcoin tested the $83,500 level in early trading on 8 October
- —The level held in the morning as sellers failed to force a decisive close
- —Open interest in BTC is building as the price declines
Why it matters: Losing the $83,500 level could open the door to further downside and a wave of long liquidations.
Source: Coinotag