Bitcoin's trading range and bottom structure have formed around $80,000, according to trader Killa. Despite potential false breakouts in the bear market that may trap traders, a further dip to sweep liquidity within this range is still possible. Alternatively, Bitcoin might rise sharply without another pullback, potentially causing some traders to miss the move. In a bull market context, such liquidity sweeps during pullbacks are seen as bullish setups, emphasizing the importance of following the prevailing trend.
Bitcoin's trading range near $80,000 is the focus, with Pluang's market snapshot showing a breadth of 10 rising and 39 falling among 50 major cryptocurrencies as of Oct 24, 2026 11:21 WIB. Notable movers include EGLD (MultiversX) down 5.50% with 91% sell orders, LTC (Litecoin) down 4.17% with 78% sell orders, and BAT (Basic Attention Token) down 3.94% with 84% sell orders. This data reflects active selling pressure in the broader crypto market at that time.
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