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Bitcoin trades below long-term trend, failing to break $90K, while whales take profits near $87K.

Market News
03 Oct 2026
Finbold
View Source
Neutral
Bitcoin trades below long-term trend, failing to break $90K, while whales take profits near $87K.

Bitcoin is currently trading at $84,584, below its long-term valuation bands on the Bitcoin Rainbow Chart, which suggests it remains undervalued relative to historical trends. The cryptocurrency failed to reclaim the $90,000 level, a key threshold that could have led to a push toward six-figure prices. Short-term, Bitcoin's rally stalled near $87,000 as large holders (whales) sold over 30,000 BTC, causing a price rejection at the top of a trading channel. Analysts see $82,500 as a critical support level; if Bitcoin holds there and whales resume buying, another rebound attempt toward $87,000 could follow.

Bitcoin price predictions for October 31, 2026, provide context for cryptocurrency market trends. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 03, 2026 16:31 WIB: out of 50 major cryptocurrencies, 11 rose and 37 fell today. Notable movers include GRT (The Graph) at Rp499 with a 1-day change of -4.93% and Pluang order activity of 41% Sell / 59% Buy, XLM (Stellar) at Rp3.833 down 4.84% with 47% Sell / 53% Buy, and DOGE (Dogecoin) at Rp1.657 down 4.22% with 52% Sell / 48% Buy.

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