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Bitcoin Price Drops Below $85K as PlanB Maps October Path to $100K

News.Bitcoin.com
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Bitcoin Price Drops Below $85K as PlanB Maps October Path to $100K

Bitcoin’s recovery above $80,000 is reviving six-figure price scenarios, with PlanB outlining a possible move to $100,000 in October and a new record before Christmas. Glassnode data adds support to the bullish case, showing a shallower drawdown, restrained profit-taking, and BTC back above its 365-day moving average. Bitcoin Reclaims 365-Day Average Bitcoin is back near […]

Key Takeaways

  1. Bitcoin’s recovery above $80,000 is reviving six-figure price scenarios, with PlanB outlining a possible move to $100,000 in October and a new record before Christmas.
  2. Glassnode data adds support to the bullish case, showing a shallower drawdown, restrained profit-taking, and BTC back above its 365-day moving average.
  3. Bitcoin Reclaims 365-Day Average Bitcoin is back near […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.