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Bitcoin hits $87,400 high but weakening demand raises risk of sharp pullback.

Market News
30 Sep 2026
Tokenpost
View Source
Neutral
Bitcoin hits $87,400 high but weakening demand raises risk of sharp pullback.

Bitcoin surged to about $87,400, its highest in eight months, after crossing its 365-day moving average. However, weakening demand and a shift toward long positions increase the risk of a price drop back toward $80,000 or lower. Profit-taking and reduced futures demand suggest caution, though no clear cycle top or correction is confirmed yet. Market sentiment is at its highest greed level since July 2025, making the market sensitive to potential pullbacks.

Bitcoin trades at Rp1.495.112.122 on Pluang, showing a 1.12% decline in the last day. As of Sep 30, 2026 17:21 WIB, the platform records a market cap of Rp30.074,82 trillion and a 70% buy order activity, indicating sustained interest despite recent price weakness.

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