Bitcoin Eyes Third-Best Q3 Return with 40%+ Gain

Bitcoin's third-quarter performance is shaping up to be one of its strongest in history. According to recent data, the cryptocurrency has already seen a return of over 40% during this period. This puts it on track for its third-best Q3 ever.

The current price action at $83,978.99 sits above both the 50-day exponential moving average (EMA50) and the 200-day EMA (EMA200), indicating a broader bullish structure in place. The relative strength index (RSI) is neutral, while the MACD death cross signals short-term momentum loss.

With Bitcoin trading within its Bollinger Bands, the upper resistance at $85,165.83 serves as an immediate target before any potential pullback toward the lower band support at $82,798.57.