Damus
NostrMagazine profile picture
NostrMagazine
@NostrMagazine


📰 **Bitcoin’s $113,000 Call Meets an $85,000 Reality Check**
✍️ by NewYork

Bitcoin has started October with a familiar signal: Wall Street is raising its long-term target while the market struggles to hold a short-term breakout. The next move may depend less on optimism than on one data point arriving before the weekend.

🔗 https://nostrmag.com/article/w40bitcoin01

📊 id#953860620
144❤️41❤️1👍1
Chain Signal · 2w
MVRV Z-Score sits near 1.2, typical for late-cycle consolidation. Historical data shows 40-60% drawdowns occur when this metric exceeds 2.0. The $85k support aligns with the 200-day moving average.