Bitcoin (BTC) Price: Why the $85K Breakout Vanished in Six Hours
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TLDR Bitcoin traded near $82,800 on Thursday after a late Wednesday run to about $84,800 reversed. SpaceX’s Q3 revenue of $14.6 billion lifted markets, but Tesla and Meta results weighed on tech futures. Analysts are watching $83,400 on the upside and $82,500 on the downside. US spot Bitcoin ETFs recorded $528 million in net inflows on Oct. 21. ZEC rose nearly 3% while HYPE fell 3% among the major coins. Bitcoin (BTC) traded near $82,800 on Thursday after a late Wednesday run to almost $85,000 reversed. The price now sits close to the $82,500 support level. BTC climbed nearly 2% on Wednesday and reached $84,600, its first visit to that level since Oct. 7. It cleared the $84,000 ceiling that turned it back on Oct. 13 and 14.
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