Bitcoin's price slipped back toward $85,500 on October 6 after multiple failed attempts to break above $87,000, leaving the market about 32% below its all-time high from one year ago. The key support zone between $83,300 and $84,600, where significant trading volume occurred, is being defended by buyers amid cooling demand from U.S. spot Bitcoin ETFs, which saw $89.9 million in net outflows on October 5. Analysts highlight $86,700 as the critical breakout level, with a successful move above it potentially refocusing attention on the $100,000 mark. Despite recent volatility and ETF outflows, weekly technical indicators remain positive, suggesting buyers still have momentum below $89,000. Upcoming U.S. policy events, including the Federal Reserve meeting and midterm elections, add uncertainty to Bitcoin's near-term direction.
Bitcoin's market capitalization on Pluang stands at Rp30.836,06 trillion as of October 6, 2026, 16:52 WIB, with a 24-hour trading volume of Rp461,12 trillion. Despite the price slipping slightly by 0.14% to Rp1.537.929.480, buyer interest remains strong with 63% of order activity on Pluang being buys. This steady demand coincides with the article's note on buyers defending key support levels amid recent volatility and ETF outflows.
Since October 1, Bitcoin whales have accumulated 14,335 BTC worth about $1.22 billion. Trading activity shows a major support zone between $83,300 and $84,600 where about 1.59 million BTC changed hands. This support zone could influence Bitcoin's nea...
Bitcoin's recent price movements align with a historical cycle pattern suggesting it may have reached a low point, potentially signaling the start of a new bull market. Analysts project Bitcoin could hit $190,000 soon, with some traders like Peter Br...
BTW surged 23.7% to $1.20, leading altcoin gains while Bitcoin remained stable around $85,583. This sharp rise highlights growing investor interest in specific altcoins despite a 3.3% drop in total crypto market cap and steady Bitcoin dominance at 59...
On October 5, US spot ETFs for Bitcoin and Solana experienced net outflows, while Ethereum ETFs saw net inflows, a reversal of the weekly trend where Bitcoin led inflows and Ethereum faced outflows. Over the week, Bitcoin ETFs gained $241.09 million,...
Strategy reported an estimated $20.91 billion gain on its Bitcoin holdings in Q3 2026 due to revaluation at market prices, increasing the balance sheet value to $70.82 billion from an acquisition cost of $63.95 billion. Despite this accounting gain, ...
