Bitcoin is experiencing a decline in buying pressure according to crypto analytics platform Alphractal. The Buy/Sell Pressure Delta indicator shows bullish momentum is cooling, with two possible scenarios: a decline or a sideways consolidation phase. BTC briefly dropped towards $80,000 before recovering around $81,200. The impact of prolonged weakening would be greater on altcoins than on Bitcoin, and a historical reversal typically occurs every 60 days when altcoins outperform. The key catalyst for October remains the Federal Reserve meeting on October 27 and 28.
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