Markets· ★★★· neutral·

Bitfinex: Bitcoin Rangebound at $81,300–84,500, Deeper Drop to $77,400 Possible Below Support

  • —Bitfinex sees base case as $81,300–84,500 range
  • —Break below $81,300 with ETF outflows risks $77,400
  • —Average spot Bitcoin ETF investor cost basis is $84,340
  • —Reclaiming $84,500 with ETF inflows opens $87,722
Why it matters: The $81,300 and $84,340 levels will determine whether Bitcoin extends its recovery or enters a deeper correction.
Source: Cryptonews.net