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Tuesday 13 OctoberAdvertiseSources read

Crypto & Bitcoin

Bitcoin Rebound Stalls as $80,000-$81,500 Demand Zone Draws Buyers

Reported by Enna Lee, TokenPost

Image: TokenPost

Bitcoin (BTC) rebounded toward $83,300 after buyers responded near the $80,000-$81,500 demand zone, but the recovery remains below a rising trendline that recently broke. The daily chart shows resistance between $86,500 and $90,500, where Bitcoin was rejected before declining. The 100-day moving average near $73,300 remains above the 200-day average around $72,200, preserving a bullish crossover, although both averages are below the current price. Holding the $80,000-$81,500 demand zone would leave room for a recovery toward $85,000-$87,000. A sustained move into that area would return the broader $86,500-$90,500 resistance zone to focus.

This is an excerpt. The reporting belongs to TokenPost.

Read the full report on tokenpost.com
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