Bitcoin traded around $81,450 Saturday morning, down 0.6% over twenty-four hours, after dropping below $80,000 on Thursday for the first time in over a month. The environment remains challenging with WTI crude above $100 per barrel and US 10-year Treasury yields around 5.10%. Despite $82.39 million in outflows from US spot Bitcoin ETFs on Friday, three technical signals suggest potential bullish momentum: the MVRV oscillator just returned to positive territory, bitcoin has risen 108% against silver since March, and the 50-day exponential moving average stays above the 200-day EMA. Traders remain cautious with only 31% odds assigned to bitcoin reaching $87,500 in October and a 74% probability of a Fed rate hike in December.
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