Bitcoin rose 2.24% to $83,591.79 after dipping to $80,953.41 early Tuesday, while the Crypto Fear and Greed Index cooled from an “extreme greed” reading of 82 on Aug. 26 to a neutral level. Bitcoin ETFs have seen net outflows of $386.3 million in October as traders await Wednesday's CPI report, expected to show annual inflation rising to 3.6% from 3.4%, and the Federal Reserve's meeting on Oct. 27-28. On Myriad, traders put the odds at 54% that Bitcoin falls to $80,000 this month and 45% that it reaches $87,500. Technically, the price has reclaimed the golden zone between $81,847.57 and $82,305.50, but the ADX has eased from 42.8 to 29.9, suggesting the uptrend is coasting rather than accelerating. A daily close above $84,245.88 could open $86,644.19, while a close below $81,603.02 would bring the upper edge of the daily trend band, just above $80,000, into play.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Decrypt ↗
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.7T |
| Close on 10/12/2026 | 81,850.00 |
| Change that session | -2.30% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Strive raising $500 million to buy additional bitcoin with new preferred share class
- Bitcoin Whale That Sat Through Every Crash Since 2020 Just Moved $377M
- Strive Buys $280 Million in Bitcoin, Its Largest Purchase in Months
- Morning Minute: Bitcoin Gets Spooked as ‘Uptober’ Lets Down
- Bitcoin hits $84K resistance as Korean tech rout deepens KOSPI losses
- Bitcoin rebounds above $83,000 as it decouples from tumbling Korean stocks and Nasdaq futures
Get briefings and signals on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the morning, midday and evening briefing of each market and important news as it happens.