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Bitcoin nears $87K as October starts, eyeing $94K if seasonal trends hold.

Market News
05 Oct 2026
CrowdFundInsider
View Source
Bullish
Bitcoin nears $87K as October starts, eyeing $94K if seasonal trends hold.

Bitcoin price is approaching the $87,000 level early in October, following a September close near $83,560 with a 6% gain. If historical October patterns persist, Bitcoin could rise about 12% this month to around $94,000, aligning with technical resistance levels. Institutional interest remains strong, with US Bitcoin ETFs seeing $6.3 billion in net inflows in Q3, though recent daily trading values have cooled. Meanwhile, SEC Chair Paul Atkins is advancing new crypto custody rules to strengthen US market leadership and regulatory clarity, aiming to keep crypto activity domestic amid evolving market demands.

Bitcoin is trading at Rp1.533.448.880 on Pluang as of Oct 06, 2026 03:47 WIB, showing a modest 0.20% increase over the past day. This price level is near the upper range of Bitcoin's circulating supply, which is at 96% of the total 21 million BTC. The market activity on Pluang leans towards buying, with 63% of orders as Buy and a typical hold time of 111 days, indicating sustained investor interest despite the recent cooling in daily trading volumes noted in the news.

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