Bitcoin is at 73,528 dollars this afternoon, stuck in the same tight band for three days. Is the range about to break? 📉
CoinGecko data checked at 14:00 PKT on 12 November puts Bitcoin near 73,528 dollars, down 0.19 percent in 24 hours, inside a range of 73,357 to 74,695 dollars, with the last five half hour closes drifting sideways, 73,590, then 73,441, then 73,525, then 73,573, then 73,444. 📊 The 200 day moving average sits near 73,173 dollars and Coinlab puts the base case for the next 24 hours at a 72,700 to 74,900 dollar range, with the Polymarket median at 73,595 dollars and the 14 day RSI at 34. My reading is that this is compression, not a trend, because Bitcoin has ignored both a Nasdaq rally and a Nvidia selloff, and a market that reacts to nothing usually moves hard when it finally picks a side.
Does Bitcoin break 74,900 dollars first, or test 72,700 dollars before Friday PPI? 🤔
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