Bitcoin is down 29% from a year ago, with $773 million pulled from its ETFs since Oct 7. Can it close above $85,000 on Oct 17?
67% of users predicted NO — the community got this one right. 9 predictions cast.
Bitcoin failed to close above $85,000 on October 17, 2026, extending a slide that began with an October 7 flash crash and continued through the month. CoinDesk reported bitcoin fell to roughly $80,000 by October 8, nearly a year after the roughly $19 billion liquidation event of October 2025, as investors marked the anniversary without the price recovering its prior peak. By October 11, bitcoin was trading near $83,000, still about 34% below its October 2025 record high, according to Investing.com. The decline deepened after the Bureau of Labor Statistics' September CPI report, released October 14, showed inflation at 3.7% year-over-year, above the 3.6% forecast; bitcoin slid toward $82,000 as the hotter reading reduced expectations for near-term Federal Reserve rate cuts, which tend to weigh on risk assets. Bitcoin ETFs continued bleeding money through the first half of October, with holdings still well off their 2025 peak, compounding the selling pressure. The combination of lingering flash-crash damage, fading rate-cut hopes, and sustained ETF redemptions kept bitcoin well short of $85,000 through the resolution date. The Predict Six community anticipated this outcome, with only 33% voting "Yes."