Bitcoin Knocks on $87K as Uptober Bulls Eye $94K
- —BTC rose to $86,771 on Oct. 4, near Friday's $87,177 high
- —Bitcoin gained in 10 of the past 13 Octobers, median +12.7%
- —Spot bitcoin ETFs opened October with $134.4M in net inflows
- —Key resistance at $87,000–87,500, support at $84,000–84,300
Why it matters: A clean break and hold above $87,500 opens the door to $90,000–96,000, but Oct. 14 CPI and Mt. Gox's $2.9B distribution could derail the rally.
Source: Bitcoin.com