Wintermute: losing $82,500 opens path to $70,000 for bitcoin
- —BTC has traded near $82,000 in a tight range for over three weeks
- —A break below $82,500 targets $70,000; above $87,000 signals upside
- —Analyst Michaël van de Poppe sees $80,000 as critical support
- —Capital is rotating out of altcoins into BTC and ETH, Wintermute says
Why it matters: The $82,500–87,000 range will set the market's direction around the FOMC meeting and US midterms.
Source: Bitcoin Sistemi