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Bitcoin nears $86K with $100K target in October as recovery gains momentum.

Market News
24 Sep 2026
Bitcoin
View Source
Bullish
Bitcoin nears $86K with $100K target in October as recovery gains momentum.

Bitcoin has recovered above $80,000 and reclaimed its 365-day moving average, sparking renewed optimism about reaching $100,000 by October. Analyst PlanB outlined a potential path to $100,000 this month and a new record above $126,000 before Christmas, though he framed this as a possibility rather than a prediction. Data from Glassnode supports a bullish outlook, showing a shallower price drop and controlled profit-taking compared to previous cycles. The key challenge remains whether Bitcoin can hold above $80,500 and maintain demand to sustain this upward momentum amid debate over the traditional four-year cycle's relevance.

Bitcoin's market cap on Pluang stands at Rp30.009,25 trillion as of Sep 24, 2026, 18:41 WIB, with a 24-hour trading volume of Rp844,6 trillion. The price is currently Rp1.496.728.099, down 1.81% in the last day, while order activity is almost balanced with 51% selling and 49% buying. Typical holding time on Pluang is 110 days, indicating a moderately patient investor base amid ongoing price fluctuations.

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Bitcoin and major cryptos see open interest drop and funding rates cool after recent pullbacks.

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