Bitcoin eyes $98K after five-week squeeze as macro-heavy week tests the setup
- —BTC has held near $85,000 for over five weeks, with the latest weekly wick reaching $87,000
- —October seasonality has averaged an 18% return, implying a potential move to $98,000
- —U.S. 30-year mortgage rates hit 7.6%, with 10- and 30-year Treasury yields at multi-month highs
- —Closest whale orders: a $13.25M bid at $82,500 and a $15.52M ask at $84,799.90
Why it matters: The week's macro data will set BTC's direction: a break above $87,000 opens the path to $98,000, while rising yields risk a drop below $82,500.
Source: AMBCrypto