After a prolonged consolidation, Bitcoin settled around $83,900, while cyclical analysis gives the market a 30–45-day window to confirm the new bullish trend. According to Bob Loukas, Bitcoin preserved the critical low of the 60-day cycle, broke out of its accumulation zone and consolidated above the exponential moving averages. The rally must be confirmed from late October to early December, or the bullish scenario will be invalidated if the price closes below $79,600. This deadline coincides with the Federal Reserve’s FOMC meeting on October 28, amid 3.7% inflation, and the expiration of options worth $12 billion on October 30.
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