Bitcoin Set up for Another Strong Week

Dow Jones
1 hour ago

0812 GMT - Bitcoin could be on for another strong week after October rate hike bets collapsed, Coin Bureau's Nic Puckrin writes. Bitcoin is testing $87,000 despite elevated bond yields as the probability of an October Fed hike fell to below 20%. "The next target is the psychologically significant $90,000, and $92,000 is the next resistance level to watch if it manages to break out of its current holding pattern," he says. Bitcoin is 0.6% higher at $86,356.

 

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