Bitcoin Hits Weekly High as Crypto Market Rebounds
Summary
Bitcoin rose about 2.5% to near $84,500 as crypto markets recovered from an October dip below $80,000. Major tokens also gained, while the Fear & Greed Index returned to neutral at 55. Bitcoin has rebounded roughly 6% from its monthly low and reclaimed support near $81,600, with resistance around $87,400. Technical indicators show moderate bullish momentum, but traders say a close above $84,726 could signal further gains; failure to hold support could expose levels near $80,800 and $79,700. Inflation, volatile oil prices and expectations of Federal Reserve rate decisions remain broader market factors.
