{"id":31284,"date":"2026-10-07T21:57:05","date_gmt":"2026-10-07T21:57:05","guid":{"rendered":"https:\/\/moneyinsiderzone.com\/?p=31284"},"modified":"2026-10-07T21:57:05","modified_gmt":"2026-10-07T21:57:05","slug":"bitcoin-just-cracked-84k-the-chart-now-opens-a-trapdoor-towards-79k","status":"publish","type":"post","link":"https:\/\/moneyinsiderzone.com\/?p=31284","title":{"rendered":"Bitcoin just cracked $84K: the chart now opens a trapdoor towards $79K"},"content":{"rendered":"
<\/div>\n

Bitcoin remained under pressure on Wednesday, briefly trading below $84,000 as increased profit-taking and less supportive macroeconomic conditions slowed its bullish momentum.<\/p>\n

BTC changed hands around $84,151, dropping below the immediate support at $85,000 after struggling to regain its recent high near $87,000.<\/p>\n

Institutional signals were mixed. US spot Bitcoin exchange-traded funds recorded modest withdrawals on Monday, while Strategy continued adding Bitcoin to its corporate treasury. <\/p>\n

Meanwhile, rising Treasury yields and a stronger US dollar presented additional obstacles to a sustained recovery.<\/p>\n

Bitcoin ETF outflows contrast with Strategy\u2019s latest purchase<\/h2>\n

US spot Bitcoin ETFs registered $89.90 million in net outflows<\/a> on Monday, followed by another $3 million on Tuesday, according to SoSoValue.<\/p>\n

The withdrawals suggest a cautious start to the week among ETF investors. The two negative sessions do not establish a lasting shift in demand, but further outflows could add pressure as Bitcoin attempts to stabilize.<\/p>\n

Corporate buying offered a more supportive signal. Strategy executive chairman Michael Saylor announced Monday that the company acquired another 334 BTC<\/a> last week.<\/p>\n

The purchase followed weekly additions of 1,665 BTC and 950 BTC, extending Strategy\u2019s buying streak to three weeks. Its total Bitcoin holdings now stand at 848,000 BTC, alongside a reported $5.70 billion in US dollar reserves.<\/p>\n

Strategy\u2019s continued accumulation points to persistent corporate demand, although it does not eliminate the near-term pressure from ETF withdrawals and profit-taking.<\/p>\n

The US 10-year Treasury yield climbed to approximately 5.35% on Monday, described in the supplied report as a fresh two-decade high, before holding near 5.28%.<\/p>\n

Higher yields can make fixed-income investments more attractive and raise the opportunity cost of holding assets such as Bitcoin, which does not generate a contractual yield.<\/p>\n

The US Dollar Index also strengthened, reaching an intraday high of 102.53 on Monday. The report places that reading at its highest level since early April 2025.<\/p>\n

The reduced expectations for an October rate hike, institutional purchases, and projects connecting blockchain with traditional finance were providing support for cryptocurrencies.<\/p>\n

However, elevated yields, dollar strength, and persistent inflationary pressures continued to weigh on sentiment, resulting in Bitcoin losing the key $85,000 support level. <\/p>\n

A more durable recovery would require sustained demand and broader participation across the crypto market.<\/p>\n

Santiment\u2019s Network Realized Profit\/Loss<\/a> metric surged on Tuesday to its highest reading since November 23, 2025.<\/p>\n

The increase indicates that coins moving onchain were realizing substantial gains relative to their previous transfer values. <\/p>\n

That pattern is consistent with increased profit-taking following Bitcoin\u2019s recent advance.<\/p>\n

Although realized gains do not establish that every onchain transfer represents an exchange sale, the spike adds to evidence that holders are taking profits near current levels.<\/p>\n

For Bitcoin to resume its advance, incoming demand will need to absorb that activity alongside any further ETF withdrawals.<\/p>\n

Bitcoin technical outlook: Bears target the $82,538 support level<\/h2>\n

Despite the pullback, Bitcoin remained above its key daily exponential moving averages, preserving a constructive broader technical structure.<\/p>\n

The 50-day EMA stood at $79,430, while the 100-day and 200-day EMAs were positioned at $75,565 and $75,056.<\/p>\n

The Relative Strength Index is near 56, indicating positive momentum but dropping towards the neutral region. <\/p>\n

Furthermore, the reported negative MACD histogram suggested that momentum had softened.<\/p>\n

<\/figure>\n

With the $85,000 support level, the bulls would now need to support the next key support at $82,538 in the near term. <\/p>\n

Holding that level would help Bitcoin stabilize and potentially make another attempt at the recent $87,000 high.<\/p>\n

A sustained break below $82,538 would increase the risk of a deeper pullback, with the 50-day EMA at $79,430 serving as the next significant technical reference. <\/p>\n

Below that, the closely grouped 100-day and 200-day EMAs provide a further support zone.<\/p>\n

More distant horizontal levels at $66,500 and $62,300 remain longer-term reference points. For now, Bitcoin\u2019s near-term direction hinges on whether buyers can defend $82,538 as profit-taking and macroeconomic pressure persist.<\/p>\n

The post Bitcoin just cracked $84K: the chart now opens a trapdoor towards $79K<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin remained under pressure on Wednesday, briefly trading below $84,000 as increased profit-taking and less supportive macroeconomic conditions slowed its bullish momentum. BTC changed hands around $84,151, dropping below the immediate support at $85,000 after struggling to regain its recent high near $87,000. Institutional signals were mixed. US spot Bitcoin exchange-traded funds recorded modest withdrawals […]<\/p>\n","protected":false},"author":1,"featured_media":31285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31284"}],"version-history":[{"count":0,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/media\/31285"}],"wp:attachment":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}