Bitcoin Projected to Reach $85,850 by October 15…PCE and Oil Prices Determine the Uptrend

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Amid suggestions that Bitcoin (BTC) could continue its upward trend based on institutional fund inflows and robust technical movements, a machine learning model has projected an average price of $85,850 for October 15. However, with rising international oil prices emerging as a factor limiting Bitcoin's rebound, individual models' forecasts widely varied, ranging from $82,150 to $89,201.

According to the cryptocurrency specialized media outlet Finbold on September 29 (local time), Finbold's AI Prediction Agent forecasted Bitcoin's average price to be $85,850 on October 15. This is approximately 2.3% higher than the price of $83,923 at the time of writing. While institutional fund inflows and technical strength are supporting the price, recent increases in crude oil prices are raising uncertainty for the short-term outlook, according to analysis.

Individual models showed significant differences in their estimates. DeepSeek Chat presented the most optimistic forecast, suggesting $89,201, approximately 6.0% higher than the current price. ChatGPT-5.7 Luna anticipated a rise of about 2.4% to $86,200. In contrast, Gemini 3.5 Flash projected $82,150, expecting a decrease of approximately 2.4% from the forecast reference price. The average forecast of the three models leaned towards a moderate increase, but the expected range widened to $82,150-$89,201.

Kyle Rodda, Senior Financial Market Analyst at Capital.com, analyzed that the rise in crude oil prices has put pressure on non-yielding assets, causing Bitcoin's upward momentum to temporarily falter. He explained that Bitcoin might find it difficult to regain its upward momentum as long as the risk of further energy price increases persists. However, he assessed that the technical trend remains positive, and the current price movement is closer to a sideways consolidation within a short-term uptrend.

Technically, BTC is trading above its key short-term moving averages (MA). The 7-day Simple Moving Average (SMA) is at $83,462, and the 30-day SMA is at $83,337, with both price levels acting as dynamic support. The Relative Strength Index (RSI) is at 55.72, indicating positive momentum without entering the overbought territory. In the market, the Personal Consumption Expenditures (PCE) price index, scheduled for release on September 30, was also identified as a variable that could determine short-term direction. Analysis suggests that if inflation data comes out moderately, easing upward pressure on Treasury yields, BTC could have room to retest its high of $84,332.

On the downside, $82,000-$83,000 has been presented as a key support zone. If it consistently breaks below this price range, there is a possibility of a decline to the next major support level of $81,300. Conversely, if BTC moves according to Finbold's machine learning model's average forecast, it will reach $85,850 on October 15. While institutional demand and technical support act as upward drivers, crude oil prices and the PCE price index were cited as key variables for short-term price movements.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*