Bitcoin · Bitcoin ETF · Decrypt
Wednesday's Consumer Price Index report, expected to show annual inflation rising to 3.6% from 3.4%
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Traders on Myriad, a prediction market developed by Decrypt 's parent company Dastan, give 54% odds that Bitcoin falls to $80,000 this month, down from 56% on Monday.
Key facts
- The price of Bitcoin today slid to $80,953.41 early Tuesday, extending a Monday sell-off, then reversed to $83,591.79, up 2.24% on the day
- A daily close above $84,245.88 would open $86,644.19, then the $87,422.70 high, about $77 shy of Myriad's $87,500 line
- Today's low stopped about $588 above $80,365.12, the swing low where the bounce began
- Bitcoin also reclaimed the Fibonacci "golden zone" between $81,847.57 and $82,305.50, an area where pullbacks within uptrends often draw buyers
Summary
Bitcoin is up 2.24% at $83,591.79 after dipping to $80,953.41, a higher low than the $80,365.12 swing that started its latest bounce. The Crypto Fear and Greed Index sits at a neutral 55, down from an "extreme greed" peak of 82 in August. Myriad traders give 54% odds that Bitcoin touches $80,000 in October and 45% odds it reaches $87,500. Bitcoin is bouncing today following a week that had traders swapping "Uptober" memes for "spooky szn" ones after BTC cut its September gains in half. The price of Bitcoin today slid to $80,953.41 early Tuesday, extending a Monday sell-off, then reversed to $83,591.79, up 2.24% on the day.