Bitcoin Holds Near $80K as Analysts Map a $94K Target

Short-term holders transferred 19,800 BTC to exchanges in 24 hours, including 11,300 BTC at a profit and 8,500 BTC at a loss. Doctor Profit reports an average long entry of $80,400, identifies 79,000–81,000 as an accumulation zone, and targets $94,000. Markets favor unchanged interest rates at the October 28 Fed decision, while traders watch whether Bitcoin can reclaim its 50-day EMA. Bitcoin’s repeated tests of $80,000 have not triggered heavy short-term holder transfers to exchanges, according to analyst Darkfost. Meanwhile, Doctor Profit says he has built long positions between $80,000 and $81,000, targeting $94,000.

Source: Crypto Front News