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September 28, 2026

Bitcoin's uptrend holds intact even as price drifts…

Bitcoin's uptrend holds intact even as price drifts toward a thinly tested floor.

BTC $82,970.3, -1.75% on the day. Regime: bull.
OddTick Monday, September 28

Bitcoin's uptrend holds intact even as price drifts toward a thinly tested floor.

$82,970.3 -1.75% bull

Bitcoin remains in a confirmed bull regime — its 20-day average sits well above its 50-day average, and price is holding above both, meaning the underlying trend structure hasn't broken despite a rough stretch. The coin is down on the day and has slipped further over the past week, pulling back after touching the top of its 7-day range earlier on. Fear & Greed reads 74 (Greed), up slightly from a week ago, so sentiment hasn't cracked even as price cools off. Headlines are pointing to macro noise — stalled Iran talks, rising oil — as the backdrop for today's slide.

Funding on both BTC and ETH is mildly positive right now, a light tilt toward long positioning rather than anything stretched. Open interest on BTC futures is holding near recent levels, showing no sign of a forced unwind alongside the price pullback. The alt rotation reading is modestly positive, a single current snapshot rather than a confirmed trend. As of this writing, order flow over the last half hour leaned toward buyers — roughly seven in ten trades on the buy side, with whale buy volume well ahead of whale sell volume — but readings like this flip within the hour and shouldn't be read as describing the day.

The ceiling above current price has been tested dozens of times and has held every time, making it a heavily worn boundary. The floor below has only been tested a handful of times, so its reliability is far less established. Price is currently sitting closer to that lightly-tested floor than to the well-worn ceiling above, and the gap between the two has narrowed relative to recent ranges. Whether the floor keeps holding or eventually gives way is genuinely uncertain given how thin its test record still is.

BTC Snapshot
24-hour -1.75%
7-day -4.18%
20-day average $81,545.46
50-day average $77,274.38
Key Levels
Resistance
tested 52×
$83,929.92
Last price $82,970.3
Support
tested 5×
$82,705.34
Sentiment
Fear & Greed
70 a week ago
74 · Greed
24h range $82,566.4 – $85,142.8
What to take from it
• BTC stays in a confirmed bull regime, trading above both its 20-day and 50-day averages despite a down week.
• The resistance overhead is heavily tested and has held repeatedly; the support below is only lightly tested and unproven — price sits closer to that floor.
• Funding is mildly positive and open interest is steady; order flow leaned toward buyers in the last half hour, but that's a 30-minute snapshot, not the day's trend.
Headlines
Bloomberg
Bitcoin Rally Wobbles as Macro Risks Overshadow ETF Demand
Yahoo Finance
When Will Bitcoin Reach $126,000 Again? What It Would Take for a 49% Climb
Reuters
Democrats to probe lucrative Trump family business deals if they win midterms
Yahoo Finance
Capital B Just Bought More Bitcoin Below Cost. Its Treasury Is Still €50.8 Million Underwater
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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

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