Bitcoin again approaches the $85,000 level after selling pressure in that area began to ease. This movement coincides with U.S. economic data that is weaker than expected. According to The Block, the sell wall around $85,000 started to be absorbed, while disappointing U.S. employment data also drew market attention. On the other hand, U.S. spot Bitcoin ETFs recorded about $2.7 billion in inflows throughout September. The flows indicate that institutional demand remains an important factor in the Bitcoin market. However, ETF data still needs to be monitored day by day because fund flows can change quickly.

Question: can Bitcoin maintain its momentum after successfully getting close to $85,000?

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source: https://www.theblock.co/news/markets/2026-10-02-bitcoin-nears-highest-level-since-january-as-85000-sell-wall-clears-us-jobs-data-disappoints