Bitcoin Sees Seasonal Boost, but Bearish Momentum Cuts Through

CZ has drawn attention to Bitcoin's performance in October, noting that out of 13 years, 10 have been positive for the cryptocurrency. This comes as BTC currently faces resistance at $83,496.72 on its 4-hour chart.

The 4-hour Moving Average (EMA50) is currently capping upside for BTC, with the price sitting at $83,375.12 inside Bollinger Bands. The MACD death cross is also indicating bearish momentum towards lower support at $82,560.13.