1 day ago
8
Key Takeaways
- BTC tagged $76,500, just above key support.
- 0.382 Fib, 100-day SMA, September low converge.
- Daily RSI at 33.07, lowest since June-July.
- Below $76,066, the 200-day SMA is next.
BTC traded at $76,840, down 1.48%, or $1,150, on the day, according to the Binance BTC/USDT daily chart.
How Bitcoin got here
The slide started earlier this week, when Bitcoin lost both its 50-day simple moving average at $81,942 and the 0.236 Fibonacci level at $80,403.04, ending a stretch in which it had been holding quietly around $80,000. Sellers then pushed a two-day expansion move into the mid-$76,000s as the Binance hack unfolded.
On today’s candle:
Open $77,991
→
High $78,804<...
→
High $78,804<...
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