Bitcoin tests $80,000 support as tech earnings and inflation shape $85,000 breakout prospects

Bitcoin’s repeated tests of $80,000 support have put technology earnings, oil prices and US monetary policy at the center of its next move. Coin Bureau’s analysis identified $85,000 as the key upper boundary, with spot demand and ETF flows needed to confirm any sustained break from the range. In his October 28 Coin Bureau broadcast, Guy said Bitcoin was holding its floor while successive highs moved lower. He described a market being compressed by selling pressure from above, with the narrowing trading range unlikely to persist indefinitely. Bitcoin had traded mostly between $80,000 and $85,000 in recent weeks after reaching roughly $87,000 at the start of the month, he said.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.