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Bitcoin Enters Hard Test After Autumn Rally
Bitcoin's price has settled within a narrow $82,900-$83,000 range, coming close to a psychologically important support level. Technical analyst Aksel Kibar from TechCharts notes that since May 2026, there have been more retests and hard re-tests in Global Equities after breakouts. The current move mirrors the macroeconomic pattern dominating global markets, with liquidity shortages and lack of momentum causing major assets to experience deep technical pullbacks. Investors are exercising extreme caution ahead of the US Federal Reserve's key meeting scheduled for October 27-28, with expectations of hawkish rhetoric and high interest rates pushing capital out of risk assets. Decentralized prediction platforms reflect moderate skepticism, with a 63% probability of a temporary BTC drop below $80,000. However, large long-term holders are not in a rush to liquidate their positions, viewing the current pullback as a necessary technical breather. The outcome of the test will determine the cryptocurrency market's trend through the end of the year.