Bitcoin pulled back to approximately $83,200 after a brief spike to $84,000 failed to hold early Wednesday. The cryptocurrency remains range-bound between its 50-day moving average near $81,000 and resistance at $84,000, with buyers unable to secure a breakout despite defending the lower support level on Tuesday. Market caution persists ahead of the September U.S. inflation report and earnings from Bank of America and Morgan Stanley later today. Bitcoin's price action continues to correlate closely with Nasdaq 100 risk sentiment, while major altcoins showed mixed performance with ZEC and TRX gaining roughly 1% as SOL and ETH declined. A daily close above $84,000 would signal a potential end to the current consolidation phase.