Bullish
Bitcoin (BTCUSD) surges to $85,000 amid 'Uptober' rally and Citigroup's bullish forecast.
Bitcoin's price has risen to $85,000, driven by the start of the 'Uptober' rally and positive market sentiment. Citigroup has raised its 12-month price target for Bitcoin to $113,000, citing favorable macroeconomic conditions and anticipated ETF inflows.
Key points
- Bitcoin's price reaches $85,000, supported by 'Uptober' rally and positive market sentiment.
- Citigroup raises 12-month Bitcoin price target to $113,000, anticipating ETF inflows.
- Bitcoin faces resistance above $85,000 and support near $83,500.
- Market volatility decreases, with daily Bitcoin liquidations dropping to $35 million.
Sources
- Bitcoin Price Begins 'Uptober' With a Swing Back to $85KBitcoin News · October 1, 2026
- Bitcoin Holds Near $85,000 as Uptober Rally Meets a Thinning Sell WallPrimeXBT · October 1, 2026
- Bitcoin Fades Above $85,500 as Yields and Holder Supply Cap RallyTradingNews24 · October 1, 2026
- Bitcoin Price Analysis October 1, 2026: BTC Holds $83.5K as 10-Year Treasury Yields Reach 5.3%UseTheBitcoin · October 1, 2026
AI-generated from public news sources. Not financial advice.
