Bitcoin slips to $80,777, testing support on thin volume
- —Intraday range on October 25: $79,326 to $80,904; market cap $1.62 trillion
- —Daily volume of $20.7 billion is 25.64% below the 30-day average
- —RSI at 43.1 and bearish MACD; price below SMA-5, SMA-7 and SMA-15
- —BTC is up 23.73% over 90 days but down over 7, 14 and 30 days
Why it matters: Without a volume pickup and a reclaim of short-term averages, any bounce is unlikely to mark a reversal; the $79,326 intraday low is the level to watch.
Source: DiarioBitcoin