-

Bitcoin price has tumbled toward $80,000 as institutional outflows, leveraged liquidations, and a broader market sell-off weigh on investor sentiment. BTC price approached $80,400 after failing to sustain its rebound toward $85,000, leaving the market at a critical technical juncture. The latest decline comes as U.S.

+

Bitfinex amplified an @BFXSecurities post describing the discussion.

-

He also sees a possible local high from Oct. 21 to Nov. 3 if the pattern continues, but gave no exact date or price target for the low.

+

He assigns a 50% chance to sideways movement relative to Bitcoin and 10% to further altcoin underperformance.