Ethereum was near $2,700, while XRP and Solana were around $1.50 and $120, respectively.
Nischal Shetty, Founder, WazirX, said Bitcoin is showing signs of consolidation, with the $84,000–$85,000 zone acting as an immediate support area. On the upside, the cryptocurrency faces resistance around $87,000–$88,000, with $90,000 emerging as the next important level.
Minal Thukral, Executive VP–Growth & Crypto Business Head, CoinDCX, said Bitcoin is facing bearish pressure after its recent rally and is trading around $85,400, while Ethereum is struggling to hold above $2,700. She added that market sentiment remains in the “greed” zone, with the Crypto Fear & Greed Index at 67.
Prateek Gupta, Head of Business, Mudrex, said Bitcoin is consolidating around $85,600–$86,000 after its strongest weekly close in eight months. However, it remains below its 2026 opening level of around $87,570, while the dollar has strengthened and US Treasury yields remain elevated.
US macroeconomic developments continue to influence sentiment.
Weak September employment data has reduced expectations of an October Federal Reserve rate hike, providing some support to risk assets. However, the rise in the US 10-year Treasury yield and persistent inflation concerns remain a constraint.
Riya Sehgal, Research Analyst, Delta Exchange, said Bitcoin continues to hold a constructive structure but is struggling to make a decisive breakout. She identified the $86,500–$87,600 region as a key resistance area, while $83,600–$84,700 remains an important support zone.
Vikram Subburaj, CEO, Giottus, said the crypto market remains supported by expectations of easier US monetary policy following the weak jobs data, although mixed ETF flows could keep volatility elevated. He said investors should avoid chasing short-term rallies until the broader macroeconomic outlook becomes clearer.Institutional activity has remained supportive of Bitcoin.
Delta Exchange said US spot Bitcoin ETFs recorded about $241 million in weekly net inflows, while Strive and Strategy have also added to their Bitcoin holdings.
CoinSwitch Markets Desk said Bitcoin traded around $85,000–$86,000 after briefly approaching $87,000, as rising US bond yields weighed on sentiment despite support from weak employment data. The desk said a sustained move above $87,000 would be needed to signal stronger upside.
Purvang Mashru, Lead Analyst, BitDelta India, said Bitcoin fell about 0.9% to around $85,976 on October 6, with the retreat indicating selective profit-taking rather than broad-based selling. He placed near-term support around $85,500 and resistance around $86,500–$87,000.
Market participants will now watch US inflation data due on October 14 and the Federal Reserve meeting scheduled for October 27–28. Treasury yields, the dollar and oil prices are also likely to remain important drivers for crypto sentiment.