Bitcoin drops below $83K ahead of quarterly close with over 40% gain
- —Weekly close at $84,450 was the highest since late January before a drop to $82,557
- —BTC gained over 40% in Q3 versus an average 8.6% since 2013
- —Odds of a 0.25% Fed hike in October rose from 57.7% to 70.3%
- —Key support to repeat the 2022 bear-market recovery model sits at $82,500
Why it matters: Quarterly closes and upcoming PCE and jobs data will determine whether BTC holds $82,500 or slides toward the ETF cost basis near $86,000.
Source: CryptoHamster