Bitcoin, Ethereum, XRP and Dogecoin Fall More Than 2%
Bitcoin fell 2% over 24 hours and traded near $81,500 as hotter-than-expected CPI data lifted expectations for further Federal Reserve rate hikes.
Bitcoin was near 81500 after declining 2% over the past 24 hours. Hotter-than-expected CPI data boosted expectations for further Federal Reserve rate hikes. 0 5 5061. 89 million.
6 million into spot Bitcoin ETFs on Tuesday. 84 million. Bitway, Venice Token and Pearl were among the top gainers over the past 24 hours. 35; and Saylor seeing Bitcoin above $100000 while Strategy is willing to sell.
S. midterm. BTC reached its low in the weeks after the 2014, 2018 and 2022 elections, the article notes. Kevin says higher-timeframe indicators already resemble those seen at past market bottoms, making a new low historically unusual.
Kevin sees support at $77,000 to $83,000 holding and opening the way to a rally to $93,000 to $100,000. A break below $77,000, however, could lead to a pullback to $67,000 to $76,000. Trader KillaXBT said Bitcoin's decline ahead of Oct. 14 could precede a reversal.
The trader pointed to a recurring pattern over the past year in which BTC moves against bearish expectations around that date, and said a rebound could follow if the pattern repeats. Image: Shutterstock Read Also: Can the Midterms Trigger a Bitcoin Rally? 3 Factors Suggest Yes