Bitcoin Price Analysis: Will October's Bullish Trend Hold?
Bitcoin has been trading sideways over the past week, struggling to break above the $84,410 resistance level. Despite strong performance in September, the asset faces headwinds from a rising US Dollar Index (DXY) and recent outflows of $148 million from spot Bitcoin ETFs. Market participants are monitoring the EMA20 support zone, while a daily close above $85,286 could trigger a breakout toward the $87,397 level and beyond.
Summaries are written by AI from the original article. Not investment advice.