Can Bitcoin price deliver an "Uptober"? Charts, catalysts to watch
This week, Bitcoin (BTC) has been trading below $83,000 due to tensions between the US and Iran, but it remains up more than 40% for Q3 ahead of key inflation and job data. The cryptocurrency has struggled to break above significant levels, such as the 2026 yearly open at $88,700 and the $86,000 cost basis for US spot Bitcoin ETF investors.
In comparison to its average Q3 performance of just 8.6% since 2013, BTC/USD has seen strong growth this quarter. Market expectations are closely tied to developments surrounding the US-Iran war and its impact on oil prices. With key US inflation data and the nonfarm payrolls report in the coming days, Bitcoin faces challenges in maintaining support at $82,500 as it could potentially revert back to the $60k - $80k range.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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