Wintermute says BTC a return to 82000 to 82500 USD range still warrants caution

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Wintermute: Bitcoin must reclaim 82000 to 82500 USD to have a chance of resuming its upward trend

BlockBeats News,October 27, Wintermute wrote that Bitcoin fell last week 2.43%, posting a third consecutive weekly decline, breaking below the 82500 USD support level and retesting the 80000 USD threshold. On the macro front, rising energy prices and inflation concerns are replacing AI financing issues as the market's primary risks. Bitcoin's recent movements have been highly correlated with the Nasdaq and AI-related equities, while ETF fund flows have also begun to show two-way volatility.

The Federal Reserve's interest-rate decision and policy guidance will be important catalysts for Bitcoin's short-term performance. If Bitcoin fails to hold 80000 USD, the next key support level is 76000 USD; if it breaks effectively below that level, the price may further decline into the 70000 USD range. In the short term, Bitcoin needs to reclaim 82000 to 82500 USD to have a chance of resuming its upward trend. If the Federal Reserve delivers a hawkish signal, the market may reassess December rate-hike expectations, pushing up yields and intensifying downward pressure on Bitcoin; if the policy guidance December leaves room for future decisions, it may create conditions for a Bitcoin rebound.

Market confidence in a directional move is currently insufficient, and caution will remain ahead of the Federal Reserve decision and U.S. third-quarter GDP and September personal consumption expenditures (PCE) data releases. If the Federal Reserve delivers a dovish signal but subsequently released PCE inflation comes in above expectations, the market may sell technology stocks amid renewed inflation pressures, dragging down Bitcoin. The firm emphasized that it is not explicitly bearish at present, but remains inclined to proceed cautiously until Bitcoin reclaims 82500 USD.

Original link https://m.theblockbeats.info/flash/373965

Key points

BlockBeats reported that Wintermute said Bitcoin fell 2.43% last week, marking its third consecutive weekly decline.
Wintermute stated that Bitcoin broke below the 82500 USD support level and retested the 80000 USD threshold.
Wintermute believes that rising energy prices and inflation concerns have become the primary market risks.
Wintermute said the Federal Reserve's rate decision and policy guidance will be important catalysts for Bitcoin's short-term trend.
Wintermute stated that if Bitcoin fails to hold 80000 USD, the next key support level is 76000 USD; if it breaks effectively below it, the price may further decline into the 70000 USD range.
Wintermute said it still favors a cautious approach before Bitcoin climbs back above 82500 USD。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a market assessment relayed by BlockBeats. Wintermute considers 80000 USD、76000 USD and 70000 USD to be downside price levels worth monitoring, and considers 82000 to 82500 USD to be the range that needs to be reclaimed before the upward trend resumes. It also believes that Federal Reserve remarks, U.S. third-quarter GDP and September PCE data may influence the market's short-term direction.

Why it matters to readers

This view identifies the price ranges and macro events that Bitcoin may focus on in the short term, helping assess whether market risk appetite is strengthening or weakening; however, these points reflect institutional judgments, not certain outcomes.

Beginners can treat these price levels and macroeconomic data as indicators to monitor, and should not interpret “support levels” or conditional forecasts as meaning that prices will definitely stop falling or rise.

Risks and unknowns

The evidence consists of BlockBeats’ account of Wintermute’s view; Wintermute’s original post was not provided for verification.
80000 USD、76000 USD、70000 USD and 82000 to 82500 USD All are observation ranges in the view; actual prices may not move within these ranges.
whether the Federal Reserve will release hawkish or dovish signals,PCE whether it will be higher than expected, and the actual impact of these events on Bitcoin remain uncertain.
The statements in the article regarding the high correlation between Bitcoin and the Nasdaq and AI related stocks, as well as ETF bidirectional capital flows, are not supported by data.

Wintermute says BTC a return to 82000 to 82500 USD range still warrants caution

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