Bitcoin (BTC) Price: Tight Bollinger Bands Hint at a Big Move as Bulls Defend $80K

TLDR Bitcoin is trading near $82,663, up about 0.8% after last week’s dip below $80,000. U.S. spot Bitcoin ETFs lost $228.6 million last week, down from about $679 million the week before. BTC trades in a range between $79,676 and $87,397, with RSI near neutral at 51.35. Glassnode data shows more than 70% of supply in profit and limited holder capitulation. Markets await the Fed’s Oct. 28 decision, and Strategy faces a possible MSCI index removal. Bitcoin (BTC) is trading near $82,663 on Monday, up about 0.8% on the day. Buyers are trying to recover after last week’s drop below $80,000. BTC opened near $82,007 and reached about $82,780. It dipped to roughly $81,902 before recovering. Last week, Bitcoin touched a four-week low near $79,770 during a risk-off selloff.

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