đ
WEEK AHEAD: What Bitcoin traders are watching (Oct 5-11)
$BTC
closed last week around $86K, its highest level since January. Here's your cheat sheet đ
đïž Key dates:
- Mon 5 Oct: Can BTC break $87.4K? That's the 50% Fibonacci retracement of the last cycle.
- Tue 6 Oct: Ethereum's Glamsterdam upgrade goes to Sepolia testnet.
- Wed 7 Oct: Fed meeting minutes released.
- Daily: Spot ETF flows. Fading flows were a worry earlier, so watch whether buyers keep returning.
- Wed 14 Oct: US CPI inflation (September data).
- Oct 27-28: Fed rate decision.
đ Levels:
đș Resistance: $87.4K â $89.8K (100-week average) â $90K
đ» Support: $82.3K â $80.8K. Below that, analysts see the $75K zone.
đ Bulls: October is historically Bitcoin's strongest month, and after a green September the next month has averaged a big gain.
đ» Bears: Oil prices above $100, thin ETF momentum, and a large pile of leveraged longs lower down that could get liquidated in a drop.
â ïž Seasonality is a tendency, not a promise. Always trade with a plan.
đŹ Where does BTC close this week?
đą Above $88K
đĄ $82K-$88K
đŽ Below $82K
Vote in the comments đ
#Bitcoin #BTC #WeekAhead
$BTC
closed last week around $86K, its highest level since January. Here's your cheat sheet đ
đïž Key dates:
- Mon 5 Oct: Can BTC break $87.4K? That's the 50% Fibonacci retracement of the last cycle.
- Tue 6 Oct: Ethereum's Glamsterdam upgrade goes to Sepolia testnet.
- Wed 7 Oct: Fed meeting minutes released.
- Daily: Spot ETF flows. Fading flows were a worry earlier, so watch whether buyers keep returning.
- Wed 14 Oct: US CPI inflation (September data).
- Oct 27-28: Fed rate decision.
đ Levels:
đș Resistance: $87.4K â $89.8K (100-week average) â $90K
đ» Support: $82.3K â $80.8K. Below that, analysts see the $75K zone.
đ Bulls: October is historically Bitcoin's strongest month, and after a green September the next month has averaged a big gain.
đ» Bears: Oil prices above $100, thin ETF momentum, and a large pile of leveraged longs lower down that could get liquidated in a drop.
â ïž Seasonality is a tendency, not a promise. Always trade with a plan.
đŹ Where does BTC close this week?
đą Above $88K
đĄ $82K-$88K
đŽ Below $82K
Vote in the comments đ
#Bitcoin #BTC #WeekAhead
