Bitcoin Nears Q4 at $83K Support With Midterm Risks in Focus
- —BTC slid from $87,270 on September 23 to $83,000–84,000 by September 29
- —A long-term holder supply cluster forms support at $84,000–85,000
- —Mean MVRV puts the next on-chain resistance at $96,700
- —In past midterm years BTC lost 14.75–42.16% in Q4
Why it matters: Holding $83,000 keeps BTC in the $84,000–85,000 range; a break lower would pressure short-term holders with a $73,242 cost basis.
Source: TronWeekly