{"id":79067,"date":"2026-10-05T00:56:09","date_gmt":"2026-10-05T00:56:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-knocks-on-87k-as-uptober-bulls-smell-94k\/"},"modified":"2026-10-05T00:56:09","modified_gmt":"2026-10-05T00:56:09","slug":"bitcoin-price-knocks-on-87k-as-uptober-bulls-smell-94k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-knocks-on-87k-as-uptober-bulls-smell-94k\/","title":{"rendered":"Bitcoin Price Knocks on $87K as Uptober Bulls Smell $94K"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin\u2019s price hit $86,771 Sunday evening, putting Friday\u2019s $87,177 high back within striking distance.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin\u2019s price has risen in 10 of the past 13 Octobers, with a median gain of 12.7%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.S. spot bitcoin exchange-traded funds (ETFs) opened October with $134.4 million in net inflows.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin\u2019s Uptober Tailwinds Put $87K Wall Back in the Crosshairs<\/h2>\n<p><a href=\"https:\/\/www.bitcoin.com\/price\/bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin\u2019s price entered October<\/a> with one of its strongest seasonal tailwinds, and Sunday\u2019s late-session action is finally giving Uptober something to work with. Market data shows bitcoin climbing from an intraday low near $85,552 to as high as $86,771 on Oct. 4, leaving the cryptocurrency around $86,536 at 7:30 p.m. EDT.<\/p>\n<p>That puts bitcoin\u2019s price within striking distance of last Friday\u2019s $87,177 peak and turns the opening week of October into a remarkably tight contest between favorable seasonality and a resistance zone that sellers have defended repeatedly.<\/p>\n<h2>Uptober\u2019s Math Points Toward $94,000<\/h2>\n<p>Bitcoin wrapped up September near $83,560 after gaining roughly <a href=\"https:\/\/www.coinglass.com\/today\" target=\"_blank\" rel=\"noopener noreferrer\">6.33% over the previous 30 days<\/a>. A 12% October advance from that closing mark would carry the cryptocurrency to around $94,000, neatly aligning with the upper reaches of several current market forecasts. ChatGPT-6 Astra also lands on that figure, placing its base-case bitcoin price prediction for <a href=\"https:\/\/news.bitcoin.com\/price-predictions\/bitcoin-price-85k-bettors-eye-100k-chatgpt-calls-94k\/\">Dec. 31, 2026, at $94,000<\/a>.<\/p>\n<figure id=\"attachment_853229\" aria-describedby=\"caption-attachment-853229\" style=\"width:2560px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-853229\" class=\"wp-caption-text\">Coinglass\u2019s bitcoin monthly gain and decline data since 2013. Snapshot taken on Oct. 4, 2026.<\/figcaption><\/figure>\n<p>History provides the bulls with plenty of ammunition. Bitcoin has closed higher in 10 of the past 13 Octobers, producing a median gain of 12.7%. The streak did stumble last year when October 2025 finished down 3.7%, marking the first losing October since 2018. <a href=\"https:\/\/www.bitcoin.com\/get-started\/defi-and-web3\/prediction-markets\/what-are-prediction-markets\/\" target=\"_blank\" rel=\"noopener noreferrer\">Prediction markets<\/a> are less adventurous. Polymarket gives bitcoin roughly a 39% chance of reaching $100,000 before 2027, while <a href=\"https:\/\/news.bitcoin.com\/finance\/sequoia-tiger-global-circle-kalshi-fresh-1b-funding-talks-report\/\">the marketplace Kalshi<\/a>\u2019s year-end pricing sits much closer to where the cryptocurrency trades today.<\/p>\n<h2>Sunday\u2019s Bitcoin Rally Changes the Short-Term Map<\/h2>\n<p>Sunday\u2019s tape has become considerably more interesting. The short-sighted, five-minute Bitstamp chart shows BTC climbing from $85,552 to $86,771, with buyers methodically carrying the price higher rather than producing one isolated vertical candle. At roughly $86,536 by 7:30 p.m. EDT, bitcoin had surrendered only part of that advance. More importantly, the cryptocurrency is now sitting less than $650 beneath <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-taps-87k-sec-moves-unlock-institutional-custody\/\">Friday\u2019s $87,177 peak<\/a>.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>That puts the heat squarely on $87,000 to $87,500. A clean move through Friday\u2019s high would immediately challenge the upper boundary of the range, while a daily close above $87,500 to $88,000 would crack the door open toward $90,000 and eventually $95,000 to $96,000. The downside map remains straightforward. $84,000 to $84,300 offers the first meaningful support, while $82,000 to $82,500 remains the structural floor. A daily close below $82,000 would put $78,000 to $80,000 back on the board.<\/p>\n<h2>Wall Street Is Buying, but the Pace Has Cooled<\/h2>\n<p>Spot bitcoin exchange-traded funds remain one of October\u2019s more persuasive tailwinds after collecting roughly $6.3 billion in third-quarter net inflows, including approximately $2.7 billion during September. The latest week, however, took some steam out of the engine.<\/p>\n<p>Provisional flows from Sept. 28 through Oct. 2 totaled about $83 million compared with $2.39 billion the previous week. Daily <a href=\"https:\/\/news.bitcoin.com\/market-updates\/blackrock-drives-103m-bitcoin-etf-rebound-bitcoin-price-tops-86k\/\">exchange-traded fund (ETF) trading<\/a> value has also fallen from $4.57 billion on Sept. 21 to below $2 billion. Institutional buyers haven\u2019t left the building. They simply aren\u2019t going for broke at current prices.<\/p>\n<h2>CPI, Mt Gox and Oil Can Still Spoil the Party<\/h2>\n<p>October\u2019s seasonal advantage now runs into a crowded calendar. CPI arrives Oct. 14, followed by the Federal Reserve\u2019s Oct. 27-28 meeting, while turbulence around the Strait of Hormuz keeps oil and inflation expectations firmly in the conversation. <a href=\"https:\/\/news.bitcoin.com\/mt-gox-moves-953-million-bitcoin\/\">Then there\u2019s Mt Gox<\/a>. Its wallets still hold 34,388 BTC worth roughly $2.9 billion ahead of an Oct. 31 creditor deadline. The trustee extended the deadline previously, but an actual distribution would introduce a sizable supply event that doesn\u2019t require a disappointing inflation print or another geopolitical shock to matter.<\/p>\n<p>Friday also offered a useful lesson about the ceiling bitcoin is approaching again. September payrolls increased by only 29,000 while unemployment held at 4.2%, helping propel bitcoin to $87,177 before sellers knocked the price back to a $84,304 daily close. Sunday\u2019s climb to $86,771 means bitcoin is already back for another crack at that wall. Uptober has history, <a href=\"https:\/\/news.bitcoin.com\/featured\/more-orange-than-ever-saylor-stirs-strategy-bitcoin-buy-speculation\/\">institutional demand<\/a> and constructive longer-term technicals in its corner. Now the market has reached the part that matters. Touching $87,000 again is no longer the story. Holding it would be.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-knocks-on-87k-as-uptober-bulls-smell-94k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin\u2019s price hit $86,771 Sunday evening, putting Friday\u2019s $87,177 high back within striking distance. Bitcoin\u2019s price has risen in 10 of the past 13 Octobers, with a median gain of 12.7%. U.S. spot bitcoin exchange-traded funds (ETFs) opened October with $134.4 million in net inflows. Bitcoin\u2019s [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":79068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79067"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79067"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79068"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}