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Bitcoin rebounded to $82,837 after falling to $80,427, but traders anticipate further downside within October.
Bitcoin rebounded to $82,837 on Friday, up 1.38% for the day, after falling to $80,427 on Thursday (its lowest level since early September). However, prediction market Myriad data shows a 67% chance of Bitcoin falling to or below $80,000 in October, a 40% chance of falling to $77,500, and a 24% chance of falling to $75,000. Additionally, Bitcoin ETFs saw outflows of $484.9 million and $244 million on Wednesday and Thursday, respectively, indicating that market sentiment remains cautious.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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