Bitcoin is pushing back toward $86K after buyers defended the $80K short-term demand zone once again, with BTC trading close to $85K. The rebound comes as markets price in roughly a 25% chance of another Fed hike at the late October meeting, following September\u2019s quarter-point increase. Meanwhile, the NVM Ratio has climbed to its highest level since early 2026, indicating that BTC might be overvalued in terms of network activity.<\/p>\n
BTC continues to trade within the ascending channel that has defined the recovery from the late-June lows near $58K. The rally carried price into the $86K-$90K supply zone, where the February sell-off began. Two attempts to break through this area produced only wicks toward $87K, as the market was rejected to the downside.<\/p>\n
The structure remains constructive as long as Bitcoin holds above the channel\u2019s midpoint, currently near $80K. A decisive daily close above $86K would be needed to break into the supply zone and open the way toward $90K.<\/p>\n
Losing the channel midline, however, would shift the focus to the $75K-$78K weekly order block, which was the base of the September rally. Below that, the lower channel boundary near $72K is the final structural support before the recovery channel would be invalidated.<\/p>\n
<\/a><\/p>\n The 4-hour chart shows Bitcoin inside a rising short-term channel since the mid-September low near $75K. After the October 6 rejection from $86K, the price began forming lower highs. Each decline, however, has been absorbed by the $80K demand zone, which now converges with the channel\u2019s lower trendline.<\/p>\n BTC is currently pressing against the 84K\u201384.3K supply zone, created by the October 12 lower high. A clean break above it would end the short-term sequence of lower highs and bring the 85.6K\u201386.6K zone, where the October 6 sell-off originated, into play.<\/p>\n A rejection from the $84K level would likely send the price back toward the same $80K demand area. Losing both this zone and the lower trendline would expose the $75K region, mentioned in the daily timeframe analysis. Still, with the price creating a higher low on the 4-hour chart, the market seems to have a valid chance to break above $84K.<\/p>\n <\/a><\/p>\n The NVM Ratio on CryptoQuant compares Bitcoin\u2019s market capitalization with the square of its daily active addresses. It is based on Metcalfe\u2019s law, which holds that a network\u2019s value grows with the square of its users. Active addresses act as a proxy for real economic usage, so a rising ratio suggests that valuation is outpacing that activity.<\/p>\n The 30-day EMA of the ratio peaked above 4.5 during Bitcoin\u2019s 2025 run toward its all-time high. It climbed back toward 4.4 in January 2026, shortly before the February sell-off toward $65K. After falling to around 3.0 in August, the metric has rebounded to approximately 4.1, even though BTC still trades roughly a third below its peak.<\/p>\n This does not constitute a sell signal by itself, as ETFs and custodians move much of Bitcoin\u2019s activity off-chain and likely push the ratio higher over time. Still, the elevated reading implies thinner valuation support from network usage, making the $80K demand zone even more important to hold in the short term.<\/p>\n <\/a><\/p>\n \u00a0<\/p>\n The post Bitcoin Price Analysis: BTC Blasts Past $84K \u2013 Is $90K the Next Target?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin is pushing back toward $86K after buyers defended the $80K short-term demand zone once again, with BTC trading close to $85K. The rebound comes as markets price in roughly a 25% chance of another Fed hike at the late October meeting, following September\u2019s quarter-point increase. Meanwhile, the NVM Ratio has climbed to its highest […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-242209","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242209"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC\/USDT 4-Hour Chart<\/h2>\n
On-Chain Analysis<\/h2>\n
![<\/a><\/p>\nBTC\/USDT 4-Hour Chart<\/h2>\nThe 4-hour chart shows Bitcoin inside a rising short-term channel since the mid-September low near $75K. After the October 6 rejection from $86K, the price began forming lower highs. Each decline, however, has been absorbed by the $80K demand zone, which now converges with the channel\u2019s lower trendline.<\/p>\nBTC is currently pressing against the 84K\u201384.3K supply zone, created by the October 12 lower high. A clean break above it would end the short-term sequence of lower highs and bring the 85.6K\u201386.6K zone, where the October 6 sell-off originated, into play.<\/p>\nA rejection from the $84K level would likely send the price back toward the same $80K demand area. Losing both this zone and the lower trendline would expose the $75K region, mentioned in the daily timeframe analysis. Still, with the price creating a higher low on the 4-hour chart, the market seems to have a valid chance to break above $84K.<\/p>\n<\/a><\/p>\nOn-Chain Analysis<\/h2>\nThe NVM Ratio on CryptoQuant compares Bitcoin\u2019s market capitalization with the square of its daily active addresses. It is based on Metcalfe\u2019s law, which holds that a network\u2019s value grows with the square of its users. Active addresses act as a proxy for real economic usage, so a rising ratio suggests that valuation is outpacing that activity.<\/p>\nThe 30-day EMA of the ratio peaked above 4.5 during Bitcoin\u2019s 2025 run toward its all-time high. It climbed back toward 4.4 in January 2026, shortly before the February sell-off toward $65K. After falling to around 3.0 in August, the metric has rebounded to approximately 4.1, even though BTC still trades roughly a third below its peak.<\/p>\nThis does not constitute a sell signal by itself, as ETFs and custodians move much of Bitcoin\u2019s activity off-chain and likely push the ratio higher over time. Still, the elevated reading implies thinner valuation support from network usage, making the $80K demand zone even more important to hold in the short term.<\/p>\n<\/a><\/p>\n\u00a0<\/p>\nThe post Bitcoin Price Analysis: BTC Blasts Past $84K \u2013 Is $90K the Next Target?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin is pushing back toward $86K after buyers defended the $80K short-term demand zone once again, with BTC trading close to $85K. The rebound comes as markets price in roughly a 25% chance of another Fed hike at the late October meeting, following September\u2019s quarter-point increase. Meanwhile, the NVM Ratio has climbed to its highest […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-242209","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242209"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/10\/BTC-D-6-scaled.jpg\"){kind=link}
![<\/a><\/p>\nOn-Chain Analysis<\/h2>\nThe NVM Ratio on CryptoQuant compares Bitcoin\u2019s market capitalization with the square of its daily active addresses. It is based on Metcalfe\u2019s law, which holds that a network\u2019s value grows with the square of its users. Active addresses act as a proxy for real economic usage, so a rising ratio suggests that valuation is outpacing that activity.<\/p>\nThe 30-day EMA of the ratio peaked above 4.5 during Bitcoin\u2019s 2025 run toward its all-time high. It climbed back toward 4.4 in January 2026, shortly before the February sell-off toward $65K. After falling to around 3.0 in August, the metric has rebounded to approximately 4.1, even though BTC still trades roughly a third below its peak.<\/p>\nThis does not constitute a sell signal by itself, as ETFs and custodians move much of Bitcoin\u2019s activity off-chain and likely push the ratio higher over time. Still, the elevated reading implies thinner valuation support from network usage, making the $80K demand zone even more important to hold in the short term.<\/p>\n<\/a><\/p>\n\u00a0<\/p>\nThe post Bitcoin Price Analysis: BTC Blasts Past $84K \u2013 Is $90K the Next Target?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin is pushing back toward $86K after buyers defended the $80K short-term demand zone once again, with BTC trading close to $85K. The rebound comes as markets price in roughly a 25% chance of another Fed hike at the late October meeting, following September\u2019s quarter-point increase. Meanwhile, the NVM Ratio has climbed to its highest […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-242209","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242209"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/10\/BTC-4H-6-scaled.jpg\"){kind=link}
![<\/a><\/p>\n\u00a0<\/p>\nThe post Bitcoin Price Analysis: BTC Blasts Past $84K \u2013 Is $90K the Next Target?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin is pushing back toward $86K after buyers defended the $80K short-term demand zone once again, with BTC trading close to $85K. The rebound comes as markets price in roughly a 25% chance of another Fed hike at the late October meeting, following September\u2019s quarter-point increase. Meanwhile, the NVM Ratio has climbed to its highest […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-242209","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242209"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242209\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/10\/Bitcoin-NVM-Ratio-scaled.jpg\"){kind=link}