In this video: Bitcoin Elliott Wave analysis for 4 October 2026: Bitcoin holds the $81,600 to $82,937 support, and the door to $92,000 and $97,000 stays open. Video by More Crypto Online.
We look at why holding above the May high and the 50-week SMA keeps the 5-wave rally from the July low intact, where a higher low could form after a top, and why the next pullback decides between the B-wave and the bullish scenario. We also show why the bounce from the 28 September low is only 3 waves and which break would confirm the next leg up. At the end, we cover a viewer request for NEAR.
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Bitcoin (BTC) is trading at approximately $84,792 as of today, Sunday, October 4, 2026. The digital currency has recently broken back above the $86,000 level following a strong late-summer rebound before stabilizing over the weekend. Major institutional triggers and macro economic shifts have sparked renewed bullish expectations for Q4 2026.
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Bitcoin Insights Today
• Citigroup Issues $113,000 Target: On October 1, 2026, Citigroup raised its 12-month Bitcoin price forecast to $113,000. Citi cites aggressive multi-billion dollar inflows heading straight into spot Bitcoin ETFs over the coming months as a core reason for the upgrade.
• Record Third-Quarter ETF Growth: U.S. spot Bitcoin ETFs successfully drew $6.34 billion in net inflows during Q3 2026, registering their strongest quarter of the entire year.
• Heavy Profit Taking vs. High Yields: Despite the bullish sentiment, short-term investors are facing a 33% unrealized profit margin, leading to significant periodic profit-taking. Concurrently, U.S. 10-year Treasury yields have hit 5.28% (the highest since 2002), providing a strong competing risk-free return for conservative capital.
• Upcoming Fed Catalyst: Traders are heavily focusing on the upcoming Federal Reserve interest rate decision on October 27–28, 2026, which is expected to set the definitive momentum for crypto pricing through the end of the year.
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