Bitcoin fell 1.7% to about $84,575 on Oct. 3 after a rally to $87,220 reversed, landing the price on a key Fibonacci support level. The broader trend stays bullish, but short-term momentum is fading, while US spot ETF inflows have cooled sharply from September's peak.
Bitcoin dropped to about $84,575 on Oct. 3, down 1.7% over 24 hours. The rally that peaked at $87,220 reversed, pushing the price back toward chart support.
Bitcoin holds the $84,012 Fibonacci floor
The pullback left Bitcoin sitting almost exactly on the 61.8% Fibonacci retracement at $84,012, drawn from the broader move between $57,877 and $126,294. The daily relative strength index stood at 60.69, below its 64.92 moving average, showing the advance has lost strength even though momentum stays positive.
On the 4-hour chart, Bitcoin traded near the Bollinger midpoint of $84,227, between an upper band of $86,092 and a lower band of $82,362. Below that range, support thins toward $82,000-$83,000, then $80,000, and the September base near $75,000-$76,000.
Liquidation clusters bracket the range
CoinGlass's 24-hour heatmap shows a liquidation band around $83,500 just beneath the current price, with heavier clusters at $85,100 and $87,700 above it. Pseudonymous analyst Wealthmanager described heavy bids between $80,000 and $82,000 against asks stacked from $84,000 through $90,000, saying a move toward $90,000 would depend on those bids holding.
Analyst Altcoin Sherpa expected buying to return near support but warned, according to crypto.news: "If we lose 82k or something then I think it starts to get really nasty".
Bulls defend $83,552 as trend strength fades
On its 5-hour chart, Bitcoin trades inside a consolidation flag between $83,000 and $87,000, with support at $83,552 and resistance at $86,800-$87,300. The 200-period moving average sits at $80,222, keeping the broader trend bullish. Yet the ADX reading of 23.18 and a mid-range RSI of 51.28 point to fading short-term momentum.
ETF buying cools after September peak
US spot Bitcoin ETFs took in $999 million on Sep. 21 before inflows slowed to $134.5 million by Sep. 25. The following week turned negative, as funds posted $148.7 million in net outflows on Sep. 30, including withdrawals from Fidelity's FBTC, Bitwise's BITB and BlackRock's IBIT.
Bitcoin's nearest references remain $84,012 on the daily chart and $82,362 on the 4-hour chart, with $87,220 standing between the current price and Wealthmanager's conditional $90,000 scenario.
Sources: crypto.news, Investing.com
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