Bitcoin: Spot Buying Volume Drives Price Above $83K
Bitcoin hits $84825.76 after highest September net spot buying volume of +$332 million, with 4h chart showing overbought RSI at 83.17 and upper Bollinger resistance.
SourceAnalysis
Bitcoin posted its largest net spot buying volume of September at +$332 million, lifting the price above $83,000 and settling at $84825.76.
The move coincided with more than $365 million in short liquidations, confirming aggressive spot accumulation rather than leverage-driven spikes.
Price now tests upper Bollinger resistance at $83708.05 while RSI(14) prints 83.17 in overbought territory and MACD maintains its golden cross; a retracement toward the 50-EMA support at $79346.32 appears likely before the next leg higher in this BTC price prediction setup.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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