Bitcoin Tests $80,400 Support After Rising Wedge Breakdown
- —BTC at $80,867, down 3.2% from October 1 open of $83,576
- —Rising wedge breakdown on the 4-hour chart occurred on October 7
- —Key trendline support sits near $80,400
- —A breakdown could expose $77,000, $73,500, $70,000 and $64,000
Why it matters: Holding $80,400 keeps a rebound scenario alive, while a confirmed break opens the door to a drop toward $77,000 and below.
Source: CoinCodex