harrybdw (harrybdw)

Checking in for the day

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@harrybdw Cryptocurrencies 🪙 remain closely tied to overall stock market sentiment 📉, and Bitcoin (BTC) continues to reflect that link. After dropping over 17% from its all-time high near $125,000, BTC is now trading below the double moving averages and the 100-day MA, both of which acted as strong resistance zones earlier. At present, volume is rising 📊 while RSI sits near 35, hinting at potential exhaustion in selling pressure. The $103,000 area may offer initial support 🧭, followed by deeper zones below. If a rebound occurs, traders are eyeing resistance near $108,000, then $117,000. Technically, BTC broke below its previous uptrend line, aligning its short-term path with broader U.S. tech performance 💻 and risk sentiment.

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@harrybdw ₿ Bitcoin hits a new milestone After reaching a new all-time high above $125,000 on October 5, Bitcoin now ranks as the 7th most valuable asset in the world — with a market cap of $2.48 trillion. It now sits alongside global heavyweights like Gold, NVIDIA, Microsoft, Apple, Alphabet, and Silver, reinforcing the growing role of digital assets in global markets. 📊 Data as of October 6, 2025 (pre-U.S. market open) Source:TradingView

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@harrybdw

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