Before cample of an houre Incident: Bitcoin briefly reached $87,000 during an “Uptober” rally before retreating to around $84,800.
Initial drivers: More than $120 million in short liquidations and weaker-than-expected U.S. labor data supported the upward move.
Pullback cause: Profit-taking after the rally added selling pressure and pushed prices lower.
Initial drivers: More than $120 million in short liquidations and weaker-than-expected U.S. labor data supported the upward move.
Pullback cause: Profit-taking after the rally added selling pressure and pushed prices lower.