1 month ago
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Key Takeaways
- Bitcoin retreated after reaching $82,250.
- Binance open interest passed $10 billion.
- BTC-denominated open interest also increased.
- Five-year-old outputs are moving more frequently.
- Spot demand remains the breakout test.
Bitcoin’s September high becomes the next resistance
Bitcoin was trading near $79,600 at the time of writing, two days after reaching $82,250.
On the daily BTC/USD chart, price remained above the 50-, 100- and 200-day simple moving averages. Those trend references were positioned between approximately $66,400 and $69,700, confirming how far Bitcoin has recovered since August.
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