Bitcoin traded near $85,100 on Oct. 4 after repeatedly failing to hold above $87,000, which analysts identified as a resistance zone containing concentrated liquidation liquidity (prices where leveraged positions may close). BTC gained roughly 0.6% over 24 hours, while CoinMarketCap data placed its market capitalization near $1.71 trillion, dominance around 61% and trading volume near $12.8 billion. Analysts Niels and Ted said the area could first draw in short liquidations before sellers regain control, with Niels putting a possible correction at 8% to 10%, rather than 15% to 20%. Bitcoin entered October with stronger momentum than historical averages, including a 1.40% gain from September’s close through Oct. 3 and a 6.39% September advance. CryptoQuant data showed Coin Days Destroyed (Bitcoin movement weighted by holding time) averaging 457, down from 688 in late August, indicating moderate long-term-holder activity. Lookonchain also reported the reactivation of a wallet inactive for more than 13 years, containing 801 BTC accumulated when Bitcoin traded between $124.86 and $411.75. The market’s next key test is whether BTC can sustain a break above $87,000 or remains within the broader October range, with a rejection potentially opening a move toward roughly $78,000 to $80,000.