Bitcoin Price Swings Back to $85K Amid PCE Data and Seasonal Sentiment
Bitcoin started October with a price swing back to $85,000 after hitting resistance above that level and finding support near $83,500.
The price movement followed Wednesday's release of better-than-expected personal consumption expenditures (PCE) data.
Citigroup raised its 12-month Bitcoin price target to $113,000, forecasting $5 billion in net ETF inflows.