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Bitcoin briefly tops $85,000 but retreats amid low volume and profit-taking by recent holders.

Technical Signals
08 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin briefly tops $85,000 but retreats amid low volume and profit-taking by recent holders.

Bitcoin surpassed $85,000 for the first daily close in 2026 but failed to sustain the level due to weak trading volume and profit-taking by holders who acquired coins less than 155 days ago. Trading volume averaged $6.8 billion daily, lower than most days in 2024, signaling limited new capital entering the market. About 38% of the recent market cap increase was driven by U.S. ETF flows, stablecoins, and corporate purchases. Key support and resistance levels are around $81,000 and $85,500 respectively, with significant liquidation clusters identified between $81,700-$83,300 and $87,100-$95,900. The market awaits stronger buyer participation to confirm a sustained breakout.

Bitcoin's recent price action is context for readers. As of Oct 08, 2026 17:02 WIB, 22 of 50 major cryptocurrencies on Pluang rose while 27 fell. EGLD gained 3.21% with 100% buy orders and a typical hold time of 85 days, MANA dropped 3.04% with 82% buy orders and a hold time of 156 days, and LINK fell 3.02% with a nearly even buy/sell split and a hold time of 63 days.

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