Bitcoin: Slides Below $83K After September Breakout

Bitcoin trades just below $83k after a mid-week slide briefly undid the September breakout, according to Glassnode. Perpetual traders and ETF holders led the selling, while new capital continued arriving on-chain and profitability remains stretched.

Price sits at $82763.6 inside the Bollinger Bands, with the 200-EMA at $82296.19 acting as immediate support and the 50-EMA at $83528.92 capping upside. The neutral RSI at 43.66 shows no overbought pressure, yet the MACD golden cross at -52.08 hints at building momentum that could test the upper band at $84046.83 before any sustained move higher.