Coin

would

Bitcoin

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights:</strong></h3>
<ul>
 <li>Bitcoin price stayed above $85,000, while $87,000 capped further gains.</li>
 <li>Analysts saw liquidation liquidity building around the $87,000 resistance zone.</li>
 <li>Long-term holder activity remained moderate despite renewed whale movements.</li>
</ul>
<p>Bitcoin traded near $85,100 on Oct. 4 after repeatedly failing to hold above $87,000. Bitcoin’s price remained positive in October, but sellers continued to defend the upper range.</p>
<p>BTC price was trading near $85,100 at press time. Analyst Niels warned repeated $87,000 rejections could precede an 8% to 10% correction.</p>
<p>The setup mattered because $87,000 sat near a visible liquidity concentration. A break above that zone could force short liquidations before sellers regained control. A failure to break through would keep Bitcoin’s price within the broader October trading range.</p>
<h2 id="h-bitcoin-price-holds-near-85-000-after-rejection" class="wp-block-heading"><strong>Bitcoin Price Holds Near $85,000 After Rejection</strong></h2>
<p>CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">data</a> showed <a href="https://www.thecoinrepublic.com/2025/06/03/bitcoin-volatility-to-continue-why-a-btc-price-dip-could-be-a-boon-for-the-crypto-market/?amp=" rel="noopener noreferrer nofollow">Bitcoin</a> trading around $85,100 on Oct. 4. The asset had gained roughly 0.6% over the past 24 hours. Coinbase also placed BTC in the mid-$84,000 range earlier Sunday. Its 24-hour trading volume stood near $12.8 billion.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="1024" height="683" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/6bedb52f855eb14c25e4f2e2777bb87208d2d4fd8b55a3cba26ee33e96d373f8-1-1024x683.png" alt="Bitcoin price chart | Source: CoinMarketCap">
  <figcaption>
   Bitcoin price chart | Source: CoinMarketCap
  </figcaption>
 </figure>
</div>
<p>Coinbase showed Bitcoin market capitalization near $1.71 trillion and dominance around 61%. Its data also showed weekend trading volume had fallen sharply from the prior session.</p>
<p>The Bitcoin price had recovered from its Sept. 30 close near $83,554. It also remained above the Oct. 3 close near $84,764. That resilience followed a stronger September, although BTC had not sustained a breakout above $87,000.</p>
<p>Analyst Andrew Kamsky said the Bitcoin <a href="https://www.thecoinrepublic.com/2025/06/03/bitcoin-volatility-to-continue-why-a-btc-price-dip-could-be-a-boon-for-the-crypto-market/?amp=" rel="noopener noreferrer nofollow">price</a> entered October stronger than its historical early-month pattern. He calculated a 1.40% gain from September’s close through Oct. 3. Kamsky said the first three October days historically averaged a 0.66% decline.</p>
<p>He calculated September’s gain at 6.39%, against a historical average decline of 4.02%. That left Bitcoin price entering October with stronger recent momentum than seasonal averages implied.</p>
<h2 id="h-bitcoin-price-faces-87-000-liquidity-test" class="wp-block-heading"><strong>Bitcoin Price Faces $87,000 Liquidity Test</strong></h2>
<p>Niels <a href="https://x.com/Web3Niels/status/2106689787298029948" rel="noopener noreferrer nofollow">said</a> Bitcoin had repeatedly failed to reclaim $87,000 after several pushes above that area. He described those moves as possible upside liquidity sweeps.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="667" height="680" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/0b7404444fdb4ecdf45df26d3eec78b12bf06436b4d0507c9f038414b30e82ec-1.png" alt="Source: X">
  <figcaption>
   Source: X
  </figcaption>
 </figure>
</div>
<p>He said the structure could support an 8% to 10% correction. He rejected expectations for a deeper 15% to 20% drop. Ted also identified large liquidation clusters around $87,000. He said Bitcoin could first sweep those positions before a correction developed.</p>
<p>CoinGlass maintains a real-time Bitcoin liquidation map tracking estimated liquidation levels across major derivatives venues. Its methodology calculates those levels using market data and leverage assumptions.</p>
<p>The BTC crypto market, therefore, faced a two-step test. Buyers first had to absorb the supply of around $87,000. They then had to hold the breakout rather than repeat the recent rejection pattern.</p>
<p>CoinGlass describes its liquidation map as an estimate based on market data and leverage levels. The tool does not represent guaranteed liquidation orders at each displayed price.</p>
<h2 id="h-on-chain-data-keeps-bitcoin-price-selling-risk-contained" class="wp-block-heading"><strong>On-Chain Data Keeps Bitcoin Price Selling Risk Contained</strong></h2>
<p>CryptoQuant data offered a less bearish signal from long-term holders. Analyst Darkfost said monthly Coin Days Destroyed averaged 457, down from 688 in late August.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img width="1024" height="631" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/3d6b271f992e818771b52c8126ff4662c22ca13ddb330fd7de6849fa31ca7022-1-1024x631.png" alt="Bitcoin Price October 2026 vs historical average | Source: CryptoQuant">
  <figcaption>
   Bitcoin Price October 2026 vs historical average | Source: CryptoQuant
  </figcaption>
 </figure>
</div>
<p>He interpreted that decline as moderate long-term-holder activity rather than aggressive profit-taking. CryptoQuant defines Coin Days Destroyed as spent Bitcoin multiplied by its holding period. Higher readings give greater weight to older coins moving on-chain.</p>
<p>That makes the metric useful for tracking activity from long-term holders and older wallets. The Bitcoin price, therefore, faced technical resistance without clear evidence of broad long-term-holder distribution.</p>
<p>That distinction mattered because older-holder selling can raise available supply near local market peaks.</p>
<p>Lookonchain separately reported that a wallet that had been inactive for over 13 years reactivated with 801 BTC. The account said the holder accumulated coins when Bitcoin traded between $124.86 and $411.75.</p>
<p>A wallet movement alone does not confirm selling. Funds can move between addresses without reaching exchanges.</p>
<h2 id="h-btc-price-outlook-centers-on-87-000-break" class="wp-block-heading"><strong>BTC Price Outlook Centers on $87,000 Break</strong></h2>
<p>The next verifiable market level remained $87,000. A sustained move above it would weaken the immediate rejection thesis. It could also trigger leveraged short liquidations. Another failure would leave sellers controlling the range ceiling.</p>
<p>Niels’ 8% to 10% correction scenario implied a retracement toward roughly $78,000 to $80,000 from $87,000. That remained a conditional analyst projection, not a confirmed target.</p>
<p>The price of Bitcoin would first have to lose nearby support after another rejection.</p>
<p>For now, the Bitcoin price has remained above $85,000, while long-term holder spending has stayed moderate. Traders will watch whether BTC clears $87,000 or retreats from that liquidity zone again.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/10/04/bitcoin-price-stalls-at-87k-as-analysts-flag-10-correction/" rel="noopener noreferrer nofollow">Bitcoin Price Stalls at $87K as Analysts Flag 10% Correction</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Bitcoin Price Stalls at $87K as Analysts Flag 10% Correction

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