Bitcoin at $84,700: analysts see $96,000 target if $86K–88K resistance breaks
- —Bitcoin trades near $84,700, with key resistance at $86,000–88,000
- —Breakout target is $96,000; first support at $82,000, then $74,000–78,000
- —Binance spot-to-futures ratio at 0.12 means about 90% of volume is derivatives
- —September spot Bitcoin ETF inflows hit $2.65B, but daily inflows fell from $1B to $134M
Why it matters: A break above $86K–88K would open the path to $96K, but futures dominance over spot raises the risk of a sharp pullback.
Source: Blockmedia