Bitcoin is trading near the lower end of its recent range at around $82,400, as inflation concerns and the Middle East conflict weigh on sentiment. Russell Thompson, chief investment officer at Hilbert Group, recommends buying Bitcoin on dips, with initial support at $80,000-$81,000 and a breakout target above $87,000 toward $93,000-$97,000. US spot Bitcoin ETFs attracted $2.33 billion in net inflows between September 21 and 30, before recording $678.9 million in net redemptions last week. Liquidations reached $1.12 billion over 24 hours on October 8, predominantly hitting long positions. Thompson warns that persistent energy pressures from the Middle East conflict could delay any easing of Federal Reserve monetary policy.
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