Bitcoin is currently trading in a narrow $82,800-$83,000 range following a strong autumn rally that has entered a “hard retest” phase, where the price returns to a previous breakout level to confirm buyer strength. Analyst Aksel Kibar from TechCharts attributes this pattern to a global liquidity shortage preventing risk assets from rising unchecked. The $82,800 level has become critical: if held by buyers, it could serve as a launchpad toward $90,000, while a breakdown would risk a return to the summer consolidation range. Investor caution is reinforced by the US Federal Reserve meeting scheduled for October 27-28, with prediction markets pricing in a 63% probability of a temporary drop below the psychologically important $80,000 mark, though large long-term holders show no signs of capitulation.
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