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Bitcoin price swings near $85K as 'Uptober' optimism grows with Citigroup raising 12-month target to $113K.

Market News
01 Oct 2026
Bitcoin
View Source
Bullish
Bitcoin price swings near $85K as 'Uptober' optimism grows with Citigroup raising 12-month target to $113K.

Bitcoin started October with volatile trading around the $85,000 level, buoyed by better-than-expected economic data and a rare two-month winning streak. Market volatility eased with daily liquidations dropping sharply, signaling calmer trading conditions. Citigroup raised its 12-month Bitcoin price forecast to $113,000, citing increased ETF inflows and a favorable macro environment. This optimism aligns with the seasonal 'Uptober' trend, historically a bullish period for cryptocurrencies, suggesting potential further gains ahead.

As of Oct 02, 2026 01:03 WIB, Bitcoin trades on Pluang at Rp1.519.997.656 with a 1-day gain of 1.09%. The market shows a healthy appetite with 59% of orders as buys and a typical hold time of 110 days, indicating steady investor interest. This activity complements the article's note of a positive start to October for Bitcoin.

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