Bitcoin Shakes Off Spooky Season Jitters: Can Bulls Keep It Going?
Summary
Bitcoin fell to $80,953 before rebounding to $83,592, up 2.24% on the day, as sentiment recovered to neutral from August’s extreme greed. October spot Bitcoin ETF flows are down a net $386.3 million. Traders are watching Wednesday’s U.S. inflation report and the Federal Reserve’s Oct. 27–28 meeting for signals on rates. Technical indicators show the long-term uptrend remains intact but has weakened, with volatility compressed and momentum slightly bearish. A close above about $84,246 could open a path toward $86,644 and October’s high near $87,423; a drop below $81,603 could expose levels near $80,000 and $77,500.
