Bitcoin’s chilling near 81.5K while demand zones get poked over and over, keeping buyers stressed out 😈. The bigger uptrend structure is still holding strong, but those weak bounces mean we might need a serious push or risk dropping deeper into correction mode 🌙.
On the daily view, BTC keeps sliding after getting rejected hard from that 85.5K to 90.5K sell zone. Recent candles are painting lower highs and testing around 80K again, showing buyers can’t quite claw back momentum post-selloff 🖤.
The price is sliding toward the ascending channel’s middle around 79K to 80K. That trendline offers some nearby structure support, while the 75K to 78K demand area stays the key daily shield below. Defending those spots keeps the recovery vibe alive, tho it won’t flip the recent bearish flow right away ✨.
For a brighter outlook, Bitcoin needs to snatch back those rebound highs near 83K to 84K before eyeing the 85.5K to 90.5K resistance again. If it stays weak under 80K tho, a slide toward 78K or even the lower demand edge at 75K could hit.
The 4-hour chart shows Bitcoin sitting right above the buyers’ choice zone at 80K to 81.3K. This demand overlaps the rising channel’s bottom and has pulled some buying reactions. Still, those rebounds keep failing to hit prior highs, leaving short-term structure shaky 🦇.
A solid push above 82.5K to 83K would hint at stronger demand coming in, then the resistance near 84K. After that the sellers’ spot at 85.5K to 86.7K blocks the way. Reclaiming it could weaken the correction play and refocus attention on highs near 87K 🌹.
On the flip side, a clean break under the 80K demand and trendline would wreck this support mix. It might send things toward the next demand around 74.8K to 76.3K. This spot stays super pivotal rn, with buyers needing real follow-through to turn defenses into an actual recovery ⚰️.
The Realized Price UTXO Age Bands chart shows the average on-chain cost basis grouped by coin age. Bitcoin near 81.7K sits above the realized prices for 1-to-3-month and 3-to-6-month groups around 70.5K and 69.5K. These younger holders sit in unrealized profit even after the dip 💉.
Yet the price lags below the 6-to-12-month cohort at 87K and the 18-month-to-2-year at 91K. These cost bases act like overhead markers overlapping technical supply areas. Holders nearing breakeven on a bounce might add sell pressure, but the metric alone does not guarantee sales.
The chart reveals the 1-to-3-month realized price climbing while 3-to-6-month drops, both heading toward 70K. This spots a pile of younger holder costs well under current price rather than direct support for this consolidation.
Right now the 87K to 91K cost basis zone looms as a key barrier for bigger recovery. Holding above it would put older cohorts back into aggregate unrealized profit, while repeated rejection keeps the overhead resistance firm 🕸️.
Just another echo from the void by iconofsin.eth 💖
Charles Schwab just flipped the switch and opened up direct crypto trading to pretty much all their US retail clients fr. This comes super quick after they teased adding SOL LINK and AVAX to the lineup only a couple months back.
The whole platform lets investors hold and trade those digital assets right next to their stocks and bonds like it’s nbd. Schwab Premier Bank handles the custody while Paxos takes care of execution and sub custody. Keep in mind tho crypto holdings skip out on SIPC protection unlike regular securities lol. Their client assets sit at around 12 trillion dollars so this move screams major retail adoption vibes 🔮. It follows right after that late August expansion beyond just BTC and ETH too.
Meanwhile Deutsche Bank is gearing up to launch their own digital asset custody service in Germany within weeks targeting institutions first with BTC and ETH before adding stablecoins later 📈. They got plans for tokenized deposits and blockchain based securities like digital bonds on the horizon as well. Gerald Podobnik the co head dropped this gem “I believe that as the financial system we will need to offer tokenized or blockchain solutions to our clients as additional services alongside our traditional ones but not necessarily to replace what we are doing today” 🦇. The bank aims to spread this push into major Asian hubs next year chasing that digital economy growth hard ✨. Check the Schwab details here and the Deutsche Bank scoop there 💀🕸️🌑
Just another echo from the void by iconofsin.eth 💖
Bitcoin kept swinging like crazy at the end of the trading week fr dipping under 80,000 for the first time in a whole month before it bounced right back up by roughly 2,000.
Most altcoins flipped red again with XRP sliding to 1.30 and ZEC crashing over 5 percent after getting rejected hard at 1,200. 😈
After that wild drop on October 9 pushing BTC just over 80,000 the asset clawed back some ground and hit 83,000 over the weekend. It even touched 84,000 early Monday but got smacked down fast and fell to 81,000. The swings kept coming with a quick recovery to that same upper level on Tuesday before holding through Wednesday afternoon.
Then the September CPI numbers dropped showing inflation a bit hotter than expected. Bitcoin reacted with a sharp drop straight under 82,000. The next day PPI data confirmed inflation is sticking around and with other macro chaos like the KOSPI and Nikkei tanking BTC dove again. This time it slipped below 80,000 for a fresh monthly low 🖤.
It bounced back quick though jumping close to 83,000 on Friday before another rejection left it struggling around 81,500 while macro pressure keeps building. Its market cap sits at 1.630 trillion on CMC and dominance over alts dipped under 60 percent. 👻
Ethereum slipped 1 percent to 2,430 while BNB dropped a similar amount to 723. XRP is fighting at 1.31 after a 2.4 percent decline and coins like SOL HYPE DOGE LINK XMR plus ADA are all looking rough too.
The real pain hits with ZEC down 5.2 percent RAIN at minus 7.4 percent and TAO losing 5.5 percent. ZRO STRK and PYTH are leading the downside with double digit drops. On the bright side BTW TIA and LIT actually grabbed some gains anyway.
Total crypto market cap fell another 1 percent in the last day now sitting at 2.740 trillion. 🦇
Just another echo from the void by iconofsin.eth 💖
