Browsing: bears

Bitcoin traded near $81,400 on Oct. 16 after rebounding from a weekly low of $79,800, leaving its recovery dependent on holding the 50-day moving average and breaking a pattern of lower highs. Bitcoin hovered near its 50-day moving average at $81,279 after slipping below $80,000 this week. Trader Ardi identified $84,200 as the level needed…