Bitcoin: Uptober Fails as Recovery Questioned

Material Indicators posted that Uptober has failed and questioned when Bitcoin price will recover.

Price sits at $81918.24 inside the Bollinger band with upper resistance at $84599.3 and lower support at $81642.63. The 50-EMA at $83277.69 and 200-EMA at $82299.8 both cap upside while MACD prints a death cross at -254.76. RSI at 39.94 leaves room for further downside before any bounce to the 50-EMA confluence zone.