Bitcoin defends $80K — relief bounce or deeper $77K test next?
- —BTC fell 7.59% from $87,000 to $80,393 between October 5 and 8
- —Bitcoin Stress Index peaked at 49.9 on October 7, then dropped to 7
- —11,325 BTC left exchanges from October 7 to 9, versus 7,520 BTC earlier
- —A move above $83,600 could end the correction; downside risk at $77,700
Why it matters: Short-term caution is warranted: holding $80,000 will determine whether the correction is over or BTC tests $77,700.
Source: AMBCrypto