Bitcoin closed Q3 with a 43% surge, rebounding after dropping below $58,000 earlier in the quarter. Analysts point to several key factors for Q4: another Fed rate hike of 25 basis points on October 28, bringing the target range to 4.00%-4.25%, and the psychological $87,500 level as a major obstacle to a broader recovery. Key support lies between $82,000 and $82,500. Historically, bitcoin has finished Q4 higher in nine of the past 15 years, with median gains around 9%.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
