Bitcoin Near $81,400 as Selling Pressure Tests Support
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin traded near the low end of its intraday range as short-term indicators favored sellers, while its longer-term technical structure remained bullish.
Bitcoin was trading around $81,392 on Oct. 20, approaching the lower boundary of a daily range spanning $81,155 to $82,667, according to Bitcoin.com News.
Short-term technical signals pointed to selling pressure, putting the focus on whether support near the session’s low would hold.
The longer-term technical picture remained bullish, creating a contrast with the immediate weakness. The report described a market under pressure without a confirmed breakdown in that broader structure.
Source: Bitcoin.com News
