Bitcoin is facing strong resistance near $85,000, a level marked by a large sell wall on Binance and heavy profit-taking from long-term holders. Despite brief attempts to push above this price, the cryptocurrency remains pinned between $83,000 and $87,000, with mixed demand from spot Bitcoin ETFs failing to offset selling pressure. Analysts say a sustained break above $85,000 is needed for a meaningful rally, while key factors to watch include the rebuilding of the sell wall, changes in long-term holder behavior, and ETF inflows.
Bitcoin's price resistance near $85,000 is the subject here, with Pluang market data providing context. For readers following major cryptocurrencies, 12 out of 50 rose and 37 fell today. EOS gained 8.13% to Rp12.649, UNI dropped 5.12% to Rp155.141 with 65% buy orders, and BAT fell 4.97% to Rp1.796 with 74% buy orders as of Oct 07, 2026 03:33 WIB.
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