Bitcoin price fell toward $83,000 on Sep. 29 after retreating from last week’s high near $87,400. The latest 4-hour decline brought the price close to a support area that also holds a dense b
Bitcoin price fell toward $83,000 on Sep. 29 after retreating from last week’s high near $87,400. The latest 4-hour decline brought the price close to a support area that also holds a dense band of potential long liquidations.
SummaryTradingView’s Binance BTC/USDT chart showed Bitcoin near $83,050 late on Sep. 29, down from a Sep. 21 high near $87,400. The daily price had fallen below $84,000, although it remained above the 20-day simple moving average at $80,944. The move leaves Bitcoin between the recent high and a cluster of nearer support levels around $82,600–$83,000.
The pullback has unfolded alongside higher U.S. Treasury yields and volatile oil prices. Those pressures offer a macro backdrop for the move, but the price chart alone cannot establish how much of the decline came from profit-taking, changes in interest-rate expectations, or other selling.
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Bitcoin’s latest 4-hour candle on the TradingView chart fell from an open near $84,358 to roughly $83,032. Its low reached $82,910, bringing the price close to the lower Bollinger Band at $82,665. The middle band stood at $83,932, while the upper band was near $85,198.
Bitcoin price 4-hour chart — Sep. 29 | Source: TradingView
A recovery above the middle band would put $84,000 back in play before Bitcoin tests the $85,000–$85,200 area. The recent high near $87,400 would remain a further hurdle. Bitcoin’s attempts to rebound during the past several sessions have stalled below that high.
The 4-hour average directional index, or ADX, stood at 12.39. ADX measures the strength of a trend rather than its direction, and the low reading indicates that the earlier upward move has lost strength on this timeframe. Price has moved back and forth around the middle Bollinger Band since the initial drop from the weekly high, before the latest move toward the lower band.
On the daily chart, the broader moving-average structure remains above its longer-term measures. Bitcoin traded above the 20-day average at $80,944, the 50-day average at $76,883, and the 100-day average at $70,135. The 200-day average stood near $71,235.
Bitcoin price daily chart — Sep. 29 | Source: TradingView
The daily Chaikin Money Flow reading was slightly positive at 0.04. That reading sits much closer to zero than it did during the earlier part of the September rally, pointing to weaker buying pressure on the daily chart even as the indicator remains positive.
CoinGlass’s one-week Bitcoin liquidation heatmap showed one of the brightest nearby bands around $82,300–$82,600. Bitcoin approached that area during its Sep. 28 decline and again on Sep. 29. A sustained break below it would shift attention to lower liquidity around $81,000 and the daily 20-day average near $80,944.
Bitcoin liquidation heatmap | Source: CoinGlass
Above the market, the heatmap showed a prominent band around $85,400–$85,700, with additional concentrations near $87,300 and $88,000. Those bands mark estimated liquidation exposure, rather than confirmed future price targets. A move through $85,500 could bring the higher concentrations into view, while another rejection would leave Bitcoin trading below the liquidity that formed during the earlier rally.
The chart also shows why the $82,000–$85,500 range matters in the near term. Bitcoin has repeatedly moved between its lower support area and rebounds into the mid-$84,000s since the sharp retreat from the Sep. 21 high. The latest drop returned price to the lower edge of that range.
U.S. spot Bitcoin ETFs recorded $2.39 billion in net inflows during the Sep. 21–25 trading week, with positive flows on each of the five trading days, according to Farside Investors data reported by crypto.news. Monday accounted for about $999 million of the total.
The inflows occurred during a week when Bitcoin first reached its eight-month high and then gave back part of that advance. ETF subscriptions show continued demand through U.S. funds over that reporting period, though they do not identify who sold Bitcoin during the subsequent decline or establish that funds bought the dip on Sep. 29.
Separately, crypto market commentator Gerla said in a Sep. 29 post that an adjusted measure of long-term holders’ market value to realized value had returned to about 1.35 after briefly slipping below the level at which the cohort was in profit. Gerla described the change as a “healthy reset,” an interpretation that depends on whether the current support area holds.
Something interesting is happening under the surface of $BTC.Long-term holders briefly slipped underwater, but the stress stayed shallow. Now MVRV is back at ~1.35 and the cohort is firmly back in profit.To me, this looks more like a healthy reset than the start of a deeper… pic.twitter.com/zsFgTDhCB5
— Gerla (@CryptoGerla) September 29, 2026
For the near-term chart, $82,600 is the first level to watch. Holding above it would leave room for another test of $83,932 and then the liquidation band near $85,500. A sustained move below it would expose the $80,900–$81,000 area while U.S. ETF flows and Treasury yields provide further context for the next move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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