Bitcoin Price Clings to $81K as Sellers Circle Critical Support
Bitcoin’s price is caught in an increasingly uncomfortable position, trading near $81,392 on Tuesday, Oct. 20, as short-term selling pressure clashes with a longer-term technical structure that has yet to surrender its bullish foundations. With the cryptocurrency slipping toward the bottom of its $81,155 to $82,667 intraday range, technical indicators favoring sellers and Bitfire Research […]
Bitcoin is trading near $81,392, pressed against the lower end of its $81,155 to $82,667 intraday range as short-term selling pressure builds. Technical indicators currently favor sellers, though the longer-term structure has not yet broken down. Traders should watch the $81K area closely, since a decisive break below it could accelerate downside momentum while a hold could preserve the broader bullish setup.
