Bitcoin traders on X debate the cryptocurrency's near-term direction on October 1, 2026, with analysts disagreeing sharply on whether BTC will rally or correct. Some predict a drop toward $79,000–$80,000, while others claim technical patterns confirm a major bottom, amid discussion of elevated altcoin leverage and market conditions.
Bitcoin traders debate price direction after reaching $87,300 near the $88,000 target predicted weeks earlier. While some analysts remain bullish on the longer-term trend, others note whale selling pressure between $85,000–$90,000 and bearish technical divergences suggesting a correction toward $79,000 may occur within the broader bull market.
Bitcoin traded between $85,000-$90,000 as major exchanges sold while ETFs purchased $2.39 billion weekly. Profit-taking spiked to 25,700 BTC, the largest selling event of 2026, with unrealized margins at their highest since December 2024, signaling potential correction ahead. The CFTC confirmed moving forward with crypto regulation through rulemaking after the CLARITY Act failed in the Senate.