Bob Loukas warns Bitcoin rally could stall near $81K
- —Loukas flagged $79,600 as a level that would make him more defensive; BTC already dipped to about $79,500
- —Coinbase: the $80K–$82K zone overlaps the average cost basis of US spot Bitcoin ETF holders
- —About 2.1 million BTC last moved between $87,500 and $91,700, creating overhead supply
- —Since August, ETFs drew $6.4 billion versus $1.5 billion in corporate treasury purchases
Why it matters: Bitcoin is pinned near $80K ahead of the Fed's October 28 decision; a break of $79.6K or $82K will set the next move.
Source: Coinpaper