Bitcoin's 5% Drop Fits Recovery Pattern, Bitfinex Says
- —Latest decline was the sixth drop above 5% since July
- —Previous pullbacks ranged from 5.1% to 8.9%
- —BTC held above the former range high of $81,300
- —Reclaiming $84,000 is key to confirming recovery
Why it matters: Holding $81,300 keeps a rebound in play, while a move back above $84,000 would set bitcoin's near-term direction.
Source: Coinfomania