Bitcoin stands at $83,063, which is 15.4 percent above the 200-day line but 34 percent below the all-time high. The difficulty adjustment on October 16 and the chart midpoint both point to a zone 4.3 percent away.
About 53% of invested capital sits above $83,000, while $77,000-$79,000 may provide support if Bitcoin fails to break through the upper range.
Around 1.1 million bitcoin, worth a good $91 billion today, are attributed to Bitcoin's inventor Satoshi Nakamoto. A draft from Bitcoin developers would freeze them before a quantum computer can steal them.
Bitcoin's drop to $80,400 flushed newly opened longs. Was it a market reset, or will this week's CPI print decide whether $100K is still in play?
Bitcoin price prediction notes a brief recovery on Saturday, October 10, but the market remains poised for a weekly loss as rising oil prices, higher U.S. Treasury yields, and renewed concerns about cryptocurrency security have dampened sentiment.Currently, the world's largest digital asset trades around $82,900, up 0.
Strategy could expand its bitcoin holdings after Michael Saylor posted another orange-themed buying hint. His latest message follows a $28.7 million acquisition, while the company balances cryptocurrency purchases with cash commitments to shareholders and creditors. Saylor Signals There Is Room for More Bitcoin Another bitcoin acquisition may be coming from Strategy Inc.
Thailand's SEC has finalized rules for Bitcoin and Ether ETFs, with the framework taking effect October 16 and strict fund design limits.
Bitcoin's price has settled within a narrow $82,900–$83,000 range, coming close to a psychologically important support level. After a strong autumn rally, the cryptocurrency has entered a phase that technical analysts call a "hard retest" — a situation in which the price returns to a previous breakout level to confirm the strength of buyers.
Russia's largest bank is testing crypto purchases, sales, deposits and withdrawals through Sberbank Online, with broader access planned for Dec. 1 if regulations take effect.
Sberbank began testing Bitcoin, Ether and USDT trading in Sberbank Online after Russia's central bank admitted it as a digital depository.
The order represents about 275.84 BTC, with roughly $1.86 million, or 22.37 BTC, already filled.
The senior secured notes mature in 2031 and will fund data-center construction. CleanSpark sold 702 BTC in September.