From TradingView · · 1m
Bitcoin Rebounds to 82,710 but Pressure Persists
Bitcoin rebounds to 82,710 as Fed rate expectations ease but faces ongoing pressure.
In brief
Bitcoin rebounds to 82,710 as Fed rate expectations ease but faces ongoing pressure. Bitcoin prices rebounded to 82,710 after Fed rate expectations eased but remain under pressure from monetary tightening concerns and regulatory uncertainty. Originally reported by TradingView.
Bitcoin price correction
Bitcoin corrected lower to 79,720.00 after US inflation data raised concerns about Fed monetary tightening.
Recent price recovery
Bitcoin rebounded to 82,710.00 following eased expectations of an October Fed rate hike.
Inflation data impact
US CPI rose to 3.7% year-on-year, core CPI to 2.6%, and PPI accelerated to 6.3%.
Fed chair comments
Federal Reserve Chair Kevin Warsh said monetary policy decisions depend on incoming data, not predetermined.
Regulatory uncertainty
Tokenized securities projects face legal, reputational and liquidity concerns despite OKXICE's SEC framework plans.
Technical indicators
Bollinger Bands turning downward, MACD histogram preparing to move negative, Stochastic approaching oversold zone.
Price forecast scenarios
Short positions may open below 80,000.00 with targets at 75,000.00, 68,750.00 and 62,500.00.
The big picture
Bitcoin prices rebounded to 82,710 after Fed rate expectations eased but remain under pressure from monetary tightening concerns and regulatory uncertainty.
