Bitcoin has failed three times to break the $87,700 resistance zone, and the current price of $83,495 sits about 5% below the average cost basis of recent buyers, according to Glassnode. Those holders have been underwater for weeks, so many may sell if the price returns to that level, although the average hides a wide range of purchase prices and misses off-exchange trading and ETF custody activity. Spot Bitcoin ETFs recorded inflows of $526.6 million on October 19 but only $23.2 million on October 20, and a $999 million inflow on September 21 did not carry Bitcoin past the zone. K33 expects bigger price swings ahead of the Fed's next rate decision and the November 3 midterms, as Bitcoin volatility nears yearly lows at 1.2%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bitcoin Price Analysis : Recent Buyers Break Even Near $87 , 700 . Could Their Selling Stop BTC Rally ?
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bitcoincryptotechnical analysis
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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