Analyst: Bitcoin needs a close above $84,500 to resume its rally
- —Support at $81,000, where about 1 million BTC last traded
- —A close above $84,500, where 620,000 BTC traded, is needed to turn bullish
- —Next targets are $92,000 and $104,000; a break lower risks $77,000
- —BTC trades near $80,493 as 24-hour volume falls 7.6% to $20.21 billion
Why it matters: The $81,000 and $84,500 levels will decide whether Bitcoin extends its correction or rallies after the Fed's October 28 decision.
Source: Finbold