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A Bitcoin price prediction for October now has to account for a difficult macro mix. BTC briefly dipped below $84,000 as oil and Treasury yields rose, the dollar strengthened and traders awaited minutes from the Federal Reserve’s September meeting. When these forces pull capital toward cash and fixed-income returns,…
Gold and Bitcoin face pressure ahead of the FOMC minutes, while a Bitcoin breakout above $87,000 could open the way towards $100,000.
Bitcoin fell sharply as oil topped $101 and the 30-year Treasury yield hit its highest since 2002. The daily chart still leans bullish.