Bitcoin faces critical fourth-quarter test as inflation, oil and liquidity converge
- —US inflation remains above the Fed's 2% target, limiting room for policy easing
- —Oil above $105 a barrel feeds inflation risks through transport and production costs
- —US spot bitcoin ETFs saw strong September inflows, with October swinging between inflows and outflows
- —Bull case: BTC to $110,000–125,000; bear case: correction to $70,000–75,000
Why it matters: Macro factors and ETF flows, not technicals, are now the dominant drivers of bitcoin's fourth-quarter direction.
Source: Bing News (crypto query)