OddTick

Archives
Log in
Subscribe
September 23, 2026

Bitcoin's bull trend intact near 8-month highs, boxed in…

Bitcoin's bull trend intact near 8-month highs, boxed in a tight, well-tested range

BTC $85,865.1, -0.38% on the day. Regime: bull.
OddTick Wednesday, September 23

Bitcoin's bull trend intact near 8-month highs, boxed in a tight, well-tested range

$85,865.1 -0.38% bull

Bitcoin sits at 85,865, essentially flat over the past 24 hours but up nearly 13% over the past week, and the regime remains bull with the 20-day average (80,086) sitting well above the 50-day (75,834) — a confirmed uptrend that's been running for weeks. The 24-hour range (85,448 to 87,274) is narrow relative to the 7-day range (75,937 to 87,447), showing the sharp rally of the past two weeks has slowed into consolidation. Price remains about 32% below the October all-time high, so this is a recovery within a longer drawdown, not new record territory. Sentiment has swung firmly toward greed, with the fear/greed index at 71 versus 51 a week ago.

Funding on both BTC and ETH perpetuals is running slightly positive, a mild but unremarkable bullish tilt rather than anything stretched. Open interest on BTC sits near 2,289 contracts, a current reading with no sharp buildup or unwind visible against recent levels. Alt rotation reads 5.67, suggesting some capital movement between BTC and alts, though a single snapshot isn't enough to call a trend. As of this writing, order flow over the last 30 minutes leaned toward sellers — the aggressive-buyer share sat near 40%, with whale sell volume roughly 1.5 times whale buy volume — but this kind of short-window flow flips regularly and should not be read as the tone of the day.

Price is caught in a tight band between a floor that's been tested 14 times and a ceiling tested 18 times, both well-worn boundaries rather than fresh, untested lines. BTC currently sits closer to the ceiling side of that band than the floor, though the gap between the two is narrow — under 1% wide — meaning the range has been tightening rather than expanding. Neither side has given way decisively yet; with this many touches on both, a clean break in either direction would be notable, but nothing in the current data signals which way that resolves.

BTC Snapshot
24-hour -0.38%
7-day +12.76%
20-day average $80,085.68
50-day average $75,833.8
Key Levels
Resistance
tested 18×
$86,224.09
Last price $85,865.1
Support
tested 14×
$85,374.32
Sentiment
Fear & Greed
51 a week ago
71 · Greed
24h range $85,448.1 – $87,274.4
What to take from it
• Bull regime confirmed — price and both moving averages are aligned upward, with BTC roughly 6 points above its 20-day average.
• BTC is boxed in a tight, heavily tested range (14 touches below, 18 above) that has been narrowing, sitting closer to the upper boundary.
• 30-minute order flow showed sellers slightly ahead of buyers and whale selling outweighing whale buying — a snapshot, not a standing condition.
Headlines
Yahoo Finance
Zest Bets Bitcoin Can Back Loans Without Ever Leaving Its Own Chain
Morningstar
Bitcoin Has Almost Erased Its 2026 Losses. What’s Next?
Yahoo Finance
Should You Buy Bitcoin While It's Under $100,000? The Answer Might Surprise You.
WSJ
Bitcoin Jumps Above $86,000 to 8-Month High
See the live dashboard →

OddTick reports what the market is doing, measured by an automated system, for informational purposes only. It does not make trade recommendations, does not predict prices, and makes no claim that acting on this information is profitable. Nothing here is financial advice. Crypto assets are volatile — never trade money you can't afford to lose.

OddTick · Patrick Register · PO Box 472 · Christiansburg, VA 24068

Unsubscribe  ·  oddtick.com

Don't miss what's next. Subscribe to OddTick:
← Newer Bitcoin's bull trend holds above both moving averages… Older → BTC holds near an 8-month high, sitting just under a…
Powered by Buttondown, the easiest way to start and grow your newsletter.