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Bitcoin trades near $83K with rising long-term holder supply and key support at $63K Power Law band.

Technical Signals
30 Sep 2026
Blockonomi
View Source
Bullish
Bitcoin trades near $83K with rising long-term holder supply and key support at $63K Power Law band.

Bitcoin is trading around $83,102, down 0.78% in 24 hours and 3.58% over the past week, with a trading volume of $27.8 billion. The price remains above the Power Law lower band near $63K but well below the model trend of about $140K, indicating a structurally supported valuation rather than overvaluation. Long-term holders have increased their supply to about 16.2 million BTC, signaling strong accumulation and reduced liquid supply. Analysts note Bitcoin is sitting on a historically significant long-term trendline that previously led to strong rallies, but the next move remains uncertain. Continued accumulation and holding above $63K will be key to watch for a sustained recovery and improved relative strength against gold.

Bitcoin's long-term holders have increased their supply to about 16.2 million BTC, indicating strong accumulation as BTC trades near $83,102. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 30, 2026 15:51 WIB: out of 50 major cryptocurrencies, 15 rose and 34 fell today. Notable movers include SUSHI at Rp4.820 (+3.17%, 101 days typical hold time, 34% Sell / 66% Buy), XLM at Rp4.001 (-3.08%, 84 days typical hold time, 20% Sell / 80% Buy), and UNI at Rp157.347 (-2.94%, 65 days typical hold time, 78% Sell / 22% Buy).

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