Markets· ★★★· bearish·

Bitcoin Falls Below $83,000 as Morgan Stanley Keeps Buying via ETF

  • BTC fell 2.18% in 24 hours to $83,940 on $66.1 billion in volume
  • Morgan Stanley bought $193.1 million in Bitcoin ETF shares over three days
  • BTC hit an intraday high of $87,363 on September 21
  • Key support sits at $82,000-$83,000, resistance at $86,000-$87,000
Why it matters: Holding the $82,000-$83,000 zone will determine whether BTC resumes its recovery toward $87,000 or slides to lower support levels.
Source: TronWeekly