21:08 UTC
Uptrend since August, correcting from the Sept high · RSI 41 · price 81,822.89
Lower highs from 87,273; base holding 79.7k–80.3k.
BTC's uptrend dates from the mid-August breakout out of the 62–65k base, but the last four weeks have produced a chain of lower highs from the 87,273 Sept high, pulling price back to retest the 81–82k former range top. Demand stepped in at the 79,737 Oct low on the day of the hot Oct 15 core PPI print, close to the 61.8% retracement of the Sept leg, even as the hawkish US macro backdrop weighs. Price now sits between the EMA20 (~82,800) and the rising EMA50 (~80,600), with RSI near 41 showing fading momentum but not a washout.
What it said to watch
- Daily close above the 84,258 lower high would break the lower-highs trendline and reopen the 87,273 Sept high
- Daily close below the 79,737 Oct low would confirm a lower low and expose the 74,903 Sept low
- A sustained close below the EMA50 near 80,600 would flip the swing-trend filter
- Fri Oct 23 US PMIs and UoM inflation expectations, plus next week's FOMC, could materially shift this read