Analyst Frank Cappelleri noted that Bitcoin's chart replicates the technical structure that preceded the 400% rally recorded in the previous cycle. The current pattern shows a 54% drop in this cycle versus 70% in 2022-2023, and Cappelleri sees a similar base that could lead to new highs.
Strategy's focus on STRC growth could stabilize Bitcoin investments, potentially boosting market confidence and influencing cryptocurrency dynamics. Strategy aims to boost STRC growth to enhance Bitcoin acquisitions.
Bitcoin closed September at $83,563, above several closely watched onchain and technical levels as October begins with a historically bullish seasonal backdrop. But the next move may depend less on “Uptober” history and more on ETF demand, jobs data, and whether BTC can hold the $82,000 area.
Two cryptocurrency traders had short positions forcibly closed after Bitcoin crossed $85,000 and Ether moved above $2,750.
Citi projects $5 billion in cryptocurrency investment product inflows over the next 12 months as advisors gradually increase allocations. Its revised outlook puts bitcoin at $113,000 and ether at $3,028, supported by stronger activity and economic conditions.
September 30's concentrated withdrawal leaves subsequent fund flows and spot prices to test whether redemptions persist.
Las Vegas, NV, 1st October 2026, Chainwire
The coins were worth about $1.7 million and moved to SegWit addresses in a transfer with fees below $1.
Bitcoin opened the new month with seesaw price action, hovering near $85,000 after hitting resistance above that level and finding support near $83,500. Seasonal Sentiment Shifts to ‘Uptober' Bitcoin marked the start of the new month facing resistance above $85,000 as the leading cryptocurrency by market cap experienced typical seesaw price action.
The removal of Bitcoin's sell wall at $85K could trigger increased volatility and potential price surges, impacting market dynamics significantly. Bitcoin buyers clear the $85K sell wall, opening a path for upside.
The report highlights regulatory instability for banks in crypto, urging Congress to establish clear, consistent guidelines to ensure stability. Congressional Research Service report flags shaky ground for banks dealing in Bitcoin.
The price was recorded at 2:41 a.m. ET on Oct. 2, or 06:41 UTC.