#BTCReclaims80K Bitcoin Back Above $80K - What The Chart Is Actually Showing
Bitcoin is trading at $79,933.9 after pushing back above $80,000 for the first time since late August. The daily high printed at $80,198.7 and the low at $79,445.6. That leaves a tight $753 range right around the big round number.
Perps are right with spot at $79,900.1, up 0.42%, while spot is up 0.43%. Volume is light at 2.32K BTC with $184.86M turnover. No blow-off, just steady buying into resistance.
The setup on the chart
On the 1-day view the moving averages are stacked bullish. EMA5 is at $79,573.6, EMA10 at $7