Bitcoin’s Failed $81,000 Breakout Just Put $75,000 Back on the Table
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CryptoSlate
Bitcoin’s failed $81,000 breakout just put $75,000 back on the table
Bitcoin trades near $78,000 heading into the weekend, sitting almost between $77,000 support and $80,000 resistance after a sharp rejection from above $81,000 hit on Aug. 28. A confirmed break below $77,000 opens the mid-$75,000s, while a reclaim of $80,000 puts the roughly $81,300 high from Aug. 28 and the $82,000 to $83,000 zone back […] The post Bitcoin’s failed $81,000 breakout just put $75,000 back on the table appeared first on CryptoSlate.
The bitcoin could not maintain the $800 threshold after rebounding to $81455 on August 28th. Then, its price dropped to $76877, before a slight increase. This rejection occurs, while many sales orders remain visible between $80800 and $83,000. Their presence may hinder a recovery, however it does not justify either the identity of their holders or their actual intention to sell. The bitcoin article still fails above $800: How far can it go back?…
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