Wintermute: Bitcoin's $82,500 range will break soon, FOMC on Oct 28 is the key trigger
- —Wintermute expects a breakout from the ~$82,500 range, direction undecided
- —The Oct 28 FOMC meeting is the most likely catalyst
- —A hawkish Fed would fuel December hike bets and weigh on BTC
- —A cautious Fed plus strong Q3 earnings could open the path to $87,000
Why it matters: Low volatility ahead of the FOMC points to a sharp move once the decision lands, so traders should brace for a wider range.
Source: PANews