Crypto
Bitcoin's Bullish Shift Puts $80K Within Reach
Bitcoin has shifted its short-term market structure bullish after clearing the $77,083 four-hour market-structure level. This comes on the back of a recovery from a dip below $75,000 on September 15-16. With the price currently trading around $77,457 on Bitstamp, the next step for Bitcoin will be to defend the key retest zone of the $76,600-$77,100 fair value gap (FVG).
If the FVG holds, Bitcoin's price is likely to target the weekly high near $80,430. However, a failure to hold the FVG would put $76,040 back in play, affecting short-term support and risk.