Bitcoin Eyes $93,000 Threshold Amid Shifting Fed Expectations

The path to the $90,000–$93,000 range hinges on more than just cooling rate-hike sentiment. Although the probability of an October increase dropped to roughly 23%—down from 64% just a week prior—current market dynamics suggest that institutional demand is still being tempered by profit-taking. Zhang identifies $87,400 as the critical level; a daily or weekly close above this mark is required to confirm that buyers have successfully absorbed existing supply.

While U.S. spot Bitcoin ETFs drew $2.65 billion in September and another $134 million in early October, these inflows have yet to overpower selling pressure near recent highs. Should inflation data remain tepid, Bitcoin may find momentum to push through resistance. Conversely, if price indices surprise to the upside or Treasury yields climb, the asset risks sliding toward support levels at $84,000 and $82,000.