In this video: Bitcoin Before the Next Big Move? What You Need to Know Now. Video by More Crypto Online.
Bitcoin Elliott Wave analysis for 2 October 2026: Bitcoin's push higher faded below the September high at around $87,400, and the price stays in the range between $81,600 and $86,961.
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As of today, October 4, 2026, Bitcoin is trading at approximately $85,282 USD (€75,785 EUR). The cryptocurrency has logged a minor 24-hour gain of +0.77%, continuing to consolidate its massive gains from the third quarter. Bitcoin's overall market capitalization stands firm at $1.71 Trillion.
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Bitcoin Insights Today
• A Record-Breaking Q3, Fading Spot Demand: Bitcoin just completed its best third quarter since 2017, rallying over 42%. However, CryptoQuant notes that spot demand has softened by roughly 170,000 BTC over the past month as long-term holders took massive profits.
• Macro Risks vs. "Uptober" Seasonality: Sentiment is currently caught in a tug-of-war. Investors are balancing Bitcoin's historically bullish October seasonality against a backdrop of macroeconomic uncertainty. This includes geopolitical tensions in the Middle East and a 64% implied probability of another Federal Reserve interest rate hike.
• Regulatory Eyes on Custody: Market participants are closely watching the aftermath of recent SEC regulatory shifts regarding crypto custody. These adjustments are expected to raise compliance structures for centralized exchanges and institutional players moving forward.ming 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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