๐ #BTC Update | Oct 6, 2026
Exactly one year ago today, Bitcoin hit its all-time high of about $126K. Today it's trading around $85.5K, up 3% on the week, after a strong summer rebound of about 44% from the early-July low near $57.8K. ๐ช
๐ Levels I'm watching
๐ด Resistance: $87,397 โ then $90,000
๐ข Support: $82,281โ$82,800 โ $81,731 (20-day EMA) โ $80,875 โ $75,585
๐ Trend: Price is still about 11.7% above the 200-day EMA ($74.3K), so the broader structure remains bullish. Short-term momentum is cooling, though, so a retest of support wouldn't be a surprise.
๐๏ธ What's ahead
Fed meeting in October. Oil prices and the unresolved Strait situation are a key swing factor, before or after the meeting. October scenarios (not predictions):
Base case: ~$87K Bullish: ~$92K Floor: ~$81.7K
๐ญ My take (12 years in BTC): Don't chase candles. Know your levels, size your positions, and let the market come to you. A clean break above $87.4K opens the road to $90K. A loss of $81.7K means I'd get cautious.
โ ๏ธ Not financial advice. Forecasts miss often. Always DYOR and manage your risk.
#BTC #BinanceSquareTalks #CryptoUpdate #BTCAnalysis
Exactly one year ago today, Bitcoin hit its all-time high of about $126K. Today it's trading around $85.5K, up 3% on the week, after a strong summer rebound of about 44% from the early-July low near $57.8K. ๐ช
๐ Levels I'm watching
๐ด Resistance: $87,397 โ then $90,000
๐ข Support: $82,281โ$82,800 โ $81,731 (20-day EMA) โ $80,875 โ $75,585
๐ Trend: Price is still about 11.7% above the 200-day EMA ($74.3K), so the broader structure remains bullish. Short-term momentum is cooling, though, so a retest of support wouldn't be a surprise.
๐๏ธ What's ahead
Fed meeting in October. Oil prices and the unresolved Strait situation are a key swing factor, before or after the meeting. October scenarios (not predictions):
Base case: ~$87K Bullish: ~$92K Floor: ~$81.7K
๐ญ My take (12 years in BTC): Don't chase candles. Know your levels, size your positions, and let the market come to you. A clean break above $87.4K opens the road to $90K. A loss of $81.7K means I'd get cautious.
โ ๏ธ Not financial advice. Forecasts miss often. Always DYOR and manage your risk.
#BTC #BinanceSquareTalks #CryptoUpdate #BTCAnalysis
