$BTC is back in focus đ
The weak September jobs report changed the macro picture fast. Only 29K jobs were added vs. 85Kâ90K expected, while unemployment climbed to 4.2%.
That pushed October Fed hike odds down to 17%, giving risk assets some breathing room.
Meanwhile, Citi raised its 12-month BTC target from $82K to $113K.
But BTC still needs to reclaim the $87,722 yearly open. If that turns into support, $95K could come into focus before $113K.
The big question, does BTC break higher from here, or does it need another dip first? đ
DYOR. Not financial advice.
#BTC Price Analysis#
#What is your Bitcoin Price Prediction?#
The weak September jobs report changed the macro picture fast. Only 29K jobs were added vs. 85Kâ90K expected, while unemployment climbed to 4.2%.
That pushed October Fed hike odds down to 17%, giving risk assets some breathing room.
Meanwhile, Citi raised its 12-month BTC target from $82K to $113K.
But BTC still needs to reclaim the $87,722 yearly open. If that turns into support, $95K could come into focus before $113K.
The big question, does BTC break higher from here, or does it need another dip first? đ
DYOR. Not financial advice.
#BTC Price Analysis#
#What is your Bitcoin Price Prediction?#
