TechFlow news, October 14 — The latest analysis report from Bitfinex Alpha indicates significant volatility in the Bitcoin market recently. Last week, BTC sharply corrected more than 11% from its late-September high of $66,587, dropping as low as $58,943. However, selling pressure subsequently eased, and prices quickly rebounded to $64,500.
The report highlights that the realized price of short-term holders (approximately $63,000) has become a key resistance level. A breakout above this level could trigger further upside, while failure might lead to a retest of support at $59,000 or even $55,000. Bitfinex Alpha believes the market remains passive, with future direction depending on whether Bitcoin can surpass the short-term holder realized price. Traders are advised to remain cautious of potential pullbacks while preparing for a possible strong rebound.
