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      Analyst: Watch the $82,500 support level and buy-the-dip opportunities

      PANews, October 3 — Analyst Ali Charts stated that BTC's earlier rally toward the $87,000 area was capped, not only because "whales" took profits on the way up (selling more than 30,000 BTC), but also because $87,000 happens to sit at the top of the channel that has been suppressing Bitcoin's price for more than the past two weeks. Currently, Ali Charts is watching the support area near the lower boundary of the BTC channel at around $82,500. If BTC pulls back to that level and whales are observed accumulating again, it could become a signal to consider buying the dip, with expectations of a subsequent rebound to test resistance near $87,000.


      Source: PANews
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