BTC Breakout Hinges on Weekly Close as $100K Target Looms

Bitcoin is currently consolidating around $83,986, trading above the Week 3 range high of $82,300 and near the Week 4 fair value midpoint of $83,800. The weekly close is critical in confirming September's breakout into October.

A break above $87,400 would expose $90K and $95K before $100K becomes relevant. This suggests bullish momentum and actionable targets for traders.

According to the 4-hour chart, BTC's September recovery followed two separate liquidity sweeps during Week 2, with the price trading below the Week 1 low near $76,000 before recovering.