Bitcoin Loses Key Support Ahead of the Weekend. Is a Big Move Coming?

Bitcoin (BTC) closed below its 50-day simple moving average (SMA) for the first time since August. Meanwhile, Bitcoin volatility keeps compressing ahead of the weekend. Liquidation clusters, rising leverage, and fresh ETF outflows suggest the month-long range could break soon. Overall, the data tilts toward the downside. Bitcoin Volatility: The Lose of 50-Day SMA Bitcoin trades at $81,715, down 0.39% over the past 24 hours. On the daily chart, BTC lost the 50-day SMA (red arrow) after another rejection near $85,000. The breakdown ends a month of choppy trade between roughly $81,000 and $85,000. During that period, sharp swings liquidated both longs and shorts without establishing a trend. The Oct. 22 candle printed one of the heaviest selling volumes of the month.

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