Bitcoin Falls in October Against History as $80,400 Becomes the Line in the Sand
- —BTC trades near $80,867, down 3.2% from the October open of $83,576 versus a 6.7% average gain
- —On October 7, BTC broke below a rising wedge that had formed over roughly three months
- —A break of $80,400 could send BTC to $77,000, $73,500, $70,000 and $64,000, the analyst said
- —Exchange BTC reserves fell to about 2.67 million coins, down 130,000 from February
Why it matters: Holding $80,400 will determine whether the correction ends in a rebound or extends toward $77,000 and below.
Source: BeInCrypto RU