Bitcoin briefly exceeded $87,000 in early October before retracing to $83,500. Analyst Ali Martinez views the $84,000 level, aligned with the 50-period moving average, as a critical threshold whose breach could propel the price toward $93,000. Whales purchased over 16,000 BTC in five days, bringing their total holdings to approximately 5.26 million units. Around 800,000 BTC had previously been traded near $84,569, forming a supply zone to overcome. A golden cross between the 50-day and 100-day moving averages was also observed, suggesting a bullish market signal.
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