Bitcoin traded around $84,500 on Wednesday, up 2.5% over 24 hours, after rebounding by about 6% from its October low near $79,711. The total crypto market capitalization rose 2.2% to $2.9 trillion, while XRP gained 4.1% and Zcash 11.2%. The Fear and Greed Index stood at 55, indicating a neutral market, and technical indicators continued to show a bullish but still fragile momentum. Prediction markets assigned a 31% chance of Bitcoin touching $87,500 in October and an 18% chance of reaching $90,000. A daily close below $81,603 would weaken the rebound and put the 50-day and 200-day exponential moving averages back in focus.
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