Bitcoin Reclaims $82,500 as Oct. 28 Fed Decision Nears
Photo: TokenPost
Bitcoin (BTC) has reclaimed $82,500 after a brief dip, while market maker Wintermute sees the Federal Reserve’s Oct. 28 decision as a potential turning point for its recent trading range. The $82,500 level had acted as resistance before Bitcoin climbed above it and is now being watched as support. A move through $87,000 would clear the range’s recent highs. A clear break below $82,500 could instead bring the low $70,000s into view. BTC declined 1.99% over the past week, while altcoins as a group fell 5.69%. Losses extended across crypto but were steeper outside Bitcoin.
Source: TokenPost
