Bitcoin has dropped 4.1% this week, with U.S. spot BTC ETFs recording outflows of $484.9 million on Wednesday, their worst single day since June 25. The leading cryptocurrency hit lows of $80,427 and is currently trading just under $83,000. Experts see the strongest support at $77,000, with lower support levels at $74,000 and $72,000. Historical data shows Bitcoin has posted a median October return of roughly 14% since 2013, with 10 of the past 13 Octobers finishing positive, but current liquidity, positioning, and spot demand conditions are limiting the chances of a successful Uptober.
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
