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Bitcoin eyes $95K-$97K as key resistance after holding above $84K, boosted by ETF inflows and rising spot volume.

Market News
23 Sep 2026, 21:15 WIB
Crypto Briefing
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Bullish
Bitcoin eyes $95K-$97K as key resistance after holding above $84K, boosted by ETF inflows and rising spot volume.

Bitcoin's price recovery is targeting the $95,000 to $97,000 range, supported by strong ETF inflows and increased spot market activity, according to Glassnode. The cryptocurrency recently surpassed its $77,000 True Market Mean and a significant long-term holder supply zone around $84,000 to $85,000. Maintaining levels above $84,000 is crucial to keep the upward momentum toward the next major resistance near $96,700, where options activity is concentrated. Selling pressure remains light, with realized profits below previous market tops, and spot Bitcoin ETFs have seen renewed net buying, attracting about $1.3 billion in five days. This rally is also marked by a 121% increase in 24-hour exchange volume, the first major volume rise during a Bitcoin price increase in about a year, driven mainly by spot buying rather than leverage. If Bitcoin holds above $77,000, this cycle's bear market low could be the shallowest since 2017, signaling a potentially strong market recovery.

As of September 24, 2026, at 01:32 WIB, Bitcoin trades at Rp1.499.884.751 on Pluang, showing a 2.95% decline over the past day. The platform records a substantial 24-hour trading volume of Rp857,78 trillion, indicating active market participation. Despite the recent price drop, the market cap remains strong at Rp30.222,31 trillion, reflecting sustained investor interest during this critical phase for Bitcoin's price movement.

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