Analysts: Fed, Liquidity and $87,500 Level to Decide Bitcoin's Q4
- —Bitcoin closed Q3 up 43% after rebounding from a low below $58,000
- —Median Q4 gains for BTC over the past 15 years are only about 9%
- —Bitget Wallet analyst expects a 25 bps Fed rate hike on October 28
- —A break above $87,500 could trigger a short squeeze; losing $82,000 may accelerate a drop below $80,000
Why it matters: The $87,500 level and the Fed's decision will determine whether Bitcoin extends its rally or enters a correction in the coming months.
Source: CryptoPotato