Analyst Cody: Bitcoin's drop to $79,775 may mark end of correction, HYPE holds $75.10
- —BTC slid to $79,775, breaking the prior week's $80,400 low
- —The correction has run 27 trading days with a maximum drawdown of 8.72%
- —Both of Cody's 4-hour models show bullish divergence on BTC and HYPE
- —HYPE's pivotal level is $75.10; a break would widen the correction to weekly scale
Why it matters: Holding $79,775 could confirm the correction is over; a break opens the door to $78,000 and below.
Source: TokenPost