But after a brief dip below $85,600, Bitcoin is holding near the $85,000–$86,000 corridor, a level that has proved resilient since early September.
Institutional appetite remains strong; Delta Exchange reported net inflows of roughly $241 million into U.S. spot Bitcoin ETFs last week, while Strive and Strategy added to their positions.
The backdrop is a mixed macro picture: U.S. Treasury yields have ticked higher, nudging risk sentiment, while October employment data softened expectations of an early Fed rate hike.
Analysts weigh in: Nischal Shetty says the $84,000–$85,000 band is immediate support, yet resistance at $87,000–$88,000 looms; Minal Thukral notes the crypto is trading just below its 2026 opening level, and the Fear‑Greed Index sits at 67.
Traders will focus on the U.S. inflation readout on Oct 14 and the Fed meeting on Oct 27‑28; a sustained move above $87,000 could signal a new bullish phase.