Bitcoin has started October strong and is back above 86K. Three things are driving it:
Citi's new target: its 12-month forecast was raised from 82K to 113K Weak jobs the US added only 29,000 jobs in September and unemployment rose to 4.2%, which supports rate-cut hopes Strong momentum: BTC closed September up 6.3% and dominance is nearing 60%
Key levels to watch:
Resistance: 87,400, then the 88K to 90K supply zone
Support: 85,000, then 83,500
Sentiment is already in Greed (the Fear and Greed Index is at 72), so a retest of support would be normal and healthy. A close above 87,400 opens the way toward 90K.
Will BTC break 90K in October? Tell me what you think in the comments.
#BitcoinFundingRateTriplesTo10% #BitcoinRisesToward$85K #bitcoin #BTCUSD #BTC
Citi's new target: its 12-month forecast was raised from 82K to 113K Weak jobs the US added only 29,000 jobs in September and unemployment rose to 4.2%, which supports rate-cut hopes Strong momentum: BTC closed September up 6.3% and dominance is nearing 60%
Key levels to watch:
Resistance: 87,400, then the 88K to 90K supply zone
Support: 85,000, then 83,500
Sentiment is already in Greed (the Fear and Greed Index is at 72), so a retest of support would be normal and healthy. A close above 87,400 opens the way toward 90K.
Will BTC break 90K in October? Tell me what you think in the comments.
#BitcoinFundingRateTriplesTo10% #BitcoinRisesToward$85K #bitcoin #BTCUSD #BTC
