From TokenPost · · 40s
Bitcoin Breakout Confirmation Level
Bitcoin needs hourly close above $82,951.49 to confirm breakout.
In brief
Bitcoin needs hourly close above $82,951.49 to confirm breakout. Bitcoin must close above $82,951.49 in an hour for breakout confirmation. Originally reported by TokenPost.
Bitcoin price below confirmation level
Bitcoin was $189.06 below an hourly chart’s breakout confirmation level at 3:27 a.m. ET (07:27 UTC) on Oct. 19.
Daily indicators mixed
On Binance, Bitcoin traded at $82,762.43, up 1.52% over 24 hours with a 24-hour high of $82,810.64.
Breakout confirmation requires hourly close
Confirmation depends on a completed hourly candle above $82,951.49, with overhead levels at $83,197.03 and $83,396.43.
The essence
Bitcoin must close above $82,951.49 in an hour for breakout confirmation.
