Bitcoin price struggles near $83K – Can BTC find its October bottom?
Photo: AMBCrypto
Bitcoin [BTC], which recently rallied above the long-standing $85,000 resistance level, is now showing signs of forming a potential October bottom. Though this might be a short-term market noise, the timing is what is making the situation tense. With the U.S. midterm elections approaching, market participants are watching whether the latest correction could mark a turning point for the largest cryptocurrency. Remarking on the same, XWIN Japan and DeFi Asset Management said, These developments suggest conditions for a bottom are improving. Confirmation requires sustained ETF inflows, stronger U.S. spot buying and continued demand recovery.
Source: AMBCrypto
