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Bitcoin price dips near $83,000, testing key support amid ETF inflows and market volatility

Technical Signals
29 Sep 2026
Crypto news
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Neutral
Bitcoin price dips near $83,000, testing key support amid ETF inflows and market volatility

Bitcoin's price dropped to around $83,000 on September 29 after peaking near $87,400 on September 21, approaching a critical support zone between $82,300 and $82,600 where many long positions could be liquidated. Despite the pullback, U.S. spot Bitcoin ETFs saw strong inflows of $2.39 billion during the week of September 21–25, indicating sustained investor interest. Technical indicators show weakening upward momentum but the price remains above key moving averages, suggesting potential for a rebound if support holds. The near-term focus is on whether Bitcoin can maintain above $82,600 to test higher resistance levels around $85,500 and beyond amid broader market pressures like rising U.S. Treasury yields and oil price volatility.

Bitcoin price movements provide context for cryptocurrency trends on Pluang. As of Sep 29, 2026 22:51 WIB, 38 of 50 major cryptocurrencies rose while 11 fell. Notable movers include FIL at Rp19.510 (+5.51%, 74% Sell), GRT at Rp534 (-4.91%, 92% Sell), and AXS at Rp20.627 (+4.54%, 53% Sell).

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