Bitcoin traded just above $86,000 early Tuesday, down 0.2% over 24 hours. On Monday it pushed above $87,000 and ran into heavy selling for the third time since Sept. 23.
ZEC led the majors with a gain of nearly 2% to about $1,360. DOGE was the laggard, down nearly 2%. SOL fell 1%, and ether, XRP and BNB each slipped less than 1%, CoinDesk data shows.
According to FxPro, bitcoin briefly slid to $85,200 before European trading opened. It’s still near the top of the range it has traded in for the past two weeks. The run of higher lows that began at the start of last week is under threat, the firm said, but hasn’t broken yet.
“A break below $84K would signal a victory for the bears,” FxPro said, meaning traders betting on lower prices would have the upper hand. A further fall through the recent low near $83,000 would confirm that shift and could send bitcoin to $80,000 fairly quickly, according to the firm.
Bonds offered some relief. U.S….
