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Bitcoin nears $83,500 amid mixed ETF flows and key resistance at $85,000-$87,000 levels

Market News
01 Oct 2026
Tokenpost
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Neutral
Bitcoin nears $83,500 amid mixed ETF flows and key resistance at $85,000-$87,000 levels

Bitcoin started October near $83,500 after strong monthly demand for U.S. spot ETFs in September, which saw $2.65 billion in net inflows, contrasted by $148.69 million in net outflows on the last day of September. The cryptocurrency faces resistance at $85,000 and $87,000, with a potential rise to $89,000-$90,000 if these levels are surpassed, or a drop to $82,000 if not. Key upcoming events include the September employment report on October 2, the Consumer Price Index report on October 14, and the Federal Open Market Committee meeting on October 27-28, which could influence Bitcoin's price. Historically, Bitcoin has risen in most Octobers but the sample size is small, making future price movements uncertain.

Bitcoin's recent ETF inflows reached $2.65 billion in September, with a late-month outflow of $148.69 million, setting the stage as it starts October near $83,500. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 01, 2026 17:32 WIB: among 50 major cryptocurrencies, 17 rose and 32 fell today. Notable movers include BAL (Balancer) up 11.14% at Rp16.297, EOS (EOS.IO) up 8.13% at Rp12.649, and SXP (Solar) down 46.27% at Rp37, with typical hold times ranging from 85 to 94 days on Pluang.

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