$BTC is around $84.6K–$84.7K today, after recently breaking above $86K before pulling back.
Fed expectations are driving the market: softer U.S. jobs data has increased expectations that the Fed may pause in October, which has supported risk assets including Bitcoin.
ETF demand has returned, one factor cited in Citi's decision to raise its 12-month Bitcoin forecast to $113,000. This is a bank forecast, not a guaranteed target.
Today's broader crypto market has weakened modestly, with Bitcoin dominance reported around 57.2%.
roughly $86K resistance and $82K–$83K support. A sustained move above resistance or a loss of support would change the short-term technical picture.
BitcoinParesGainsAfterRallyTo$86
Fed expectations are driving the market: softer U.S. jobs data has increased expectations that the Fed may pause in October, which has supported risk assets including Bitcoin.
ETF demand has returned, one factor cited in Citi's decision to raise its 12-month Bitcoin forecast to $113,000. This is a bank forecast, not a guaranteed target.
Today's broader crypto market has weakened modestly, with Bitcoin dominance reported around 57.2%.
roughly $86K resistance and $82K–$83K support. A sustained move above resistance or a loss of support would change the short-term technical picture.
BitcoinParesGainsAfterRallyTo$86
