Currencies39895
Market Cap$ 2.91T+2.48%
24h Spot Volume$ 35.98B+3.14%
DominanceBTC58.14%+0.06%ETH10.50%+0.73%
ETH Gas0.31 Gwei
BitcoinBTC AnalysisBTCGBPBTCEUR
Oct 21, 2026
< 1min read
byShayan Markets
forCryptoPotato
Bitcoin rebounded from the $80,000 demand zone and is trading near $85,000, but repeated rejections at $86,000–$90,000 keep resistance in focus. A roughly 25% chance of another Fed rate hike and an NVM Ratio at its highest since early 2026 point to macro risk and possible BTC overvaluation despite the recovery.
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’s 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.
Bitcoin Price Analysis: The Daily Chart
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.
