Bitcoin Climbs Back Toward $85K as Bulls Hold the Driver's Seat
- —BTC trades near $84,870, approaching the $85,000 resistance
- —Price sits above all EMAs and SMAs, including the 10-period EMA at $83,328
- —MACD at 2,473 and Momentum at 8,491 flash bullish readings
- —The recovery has unfolded on lighter volume than the Sept. 21-23 activity
Why it matters: Holding above $84,000 preserves the bullish structure, but a break of $85,000 on weak volume could prove to be a false move.
Source: Cryptonews.net