- Bitcoin is consolidating near $85,000 between $82,500 support and $86,700 resistance, according to Rekt Capital.
- Bitcoin exchange outflows exceed inflows, with the monthly average inflow-to-outflow ratio falling to about 0.97.
- BTC could target $93,700 if it holds $82,500 and breaks above $86,700, while losing support risks deeper losses.
Rekt Capital Highlights Bitcoin’s Critical Price Levels
Rekt Capital said Bitcoin remains between approximately $82,500 support and $86,700 resistance. The analyst noted that holding support could allow BTC to enter the 86,700–93,700 range.
BTC subsequently broke above $80,000 and climbed toward 86,000–87,000 around September 22–23. Bitcoin then pulled back and consolidated between roughly $83,000 and $86,000. The latest price movement places BTC near the upper portion of this range.
Darkfost Reports Rising Bitcoin Accumulation
Darkfost reported that Bitcoin’s monthly average exchange inflow-to-outflow ratio had declined to approximately 0.97. The analyst said the trend reflects outflows exceeding inflows during the current market phase.
Bitcoin Momentum Remains Mixed Near Resistance
Meanwhile, $84,000 provides near-term support, followed by the 82,000–83,000 zone. A sustained decline below $82,000 would weaken the recovery structure.
Bitcoin’s Relative Strength Index is at 57.49, above its 56.01 average and the neutral 50 level. However, the MACD reading remains slightly negative at -3.43, with its line at 241.84 below the signal line at 245.27.
