Bitcoin is currently trading at $85,500 after briefly reaching $87,000, marking the second failed rally attempt near that level in a week. The market capitalization stands near $1.72 trillion with 24-hour trading volume at approximately $22 billion. Key resistance sits in the $87,000 to $88,000 zone, while near-term support is expected around $82,000. The release of U.S. CPI data on October 14 could shift momentum, with hotter inflation data potentially pressuring risk assets.
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