Bitcoin has gained support from a fall in October Federal Reserve rate-hike odds to roughly 23% from 64%, but a move toward $93,000 still depends on lower Treasury yields and stronger buying, according to Bitget Wallet’s research lead.
Lacie Zhang, Research Lead at Bitget Wallet, told crypto.news that Bitcoin needs sustained purchases to turn the relief from weaker U.S. employment data into a lasting advance. Despite supportive ETF flows, she said repeated failures to hold above $87,000 suggest sellers are still absorbing incoming demand.
Bitcoin needs buying support to reach $93,000
In Zhang’s assessment, easing Treasury yields and inflation readings that support September’s weak employment report could allow Bitcoin to extend toward $90,000–$93,000. Her forecast depends on both financial conditions and market demand, with neither lower rate expectations nor ETF subscriptions sufficient by themselves to confirm the move.
