Bitcoin at $82,423 as market debates whether the bottom is in after 3% weekly drop
- —Bitcoin trades at $82,423, down 2% in 24 hours and 3% on the week
- —Markets price an 18% chance of a Fed rate hike in October
- —Brent crude has pulled back from $110 to $103 a barrel
- —Bitcoin closed higher in 8 of the last 10 Octobers
Why it matters: If bottom signals hold, October seasonality could revive upside; historically, reclaiming the 365-day moving average marked the start of bull cycles.
Source: Digital Today