Nischal Shetty, Founder of WazirX, identified immediate support at USD 74,300-USD 74,800 and secondary support at USD 73,100-USD 73,300, with resistance at USD 76,300-USD 76,500.
According to Vikram Subburaj, CEO of Giottus, US inflation data scheduled for 7 pm IST presents the next major test. A core inflation reading above the 0.2% monthly forecast could strengthen expectations of a December Federal Reserve rate hike, complicating recovery above USD 76,450.
Lower oil prices and a weaker dollar offered some support, but institutional withdrawals and cautious derivatives positioning kept the outlook highly uncertain.
Also Read: Bitcoin Block Packs 11,255 Transactions, Nears 12,239 Record Set in 2015
