
Have cryptocurrencies moved away from the dangerous support zone? On CNBC’s Blocker program, I evaluated the current state of the cryptocurrency market. As we approach November 3, when the U.S. midterm elections will take place, financial markets remain volatile. We see Bitcoin testing the critical $80K–$82K range as support this time. Bitcoin’s formation of a higher low during a period of weakness in precious metals should not be interpreted negatively. We would like to see a monthly close above the $2.6K level for Ether, and the Others Market Cap should remain above the $215B–$220B range.

