Bitcoin Price Analysis: Can BTC Reclaim $84K Before Another Slide Toward $77K?

Bitcoin was trading near $82.8K after buyers defended support at $80K, remaining below resistance at $88K. Sellers rejected it twice near $88K in late September and early October, and since early October rebounds have stalled around $84K. The 30-day exponential moving average of Adjusted Spent Output Profit Ratio, which measures whether spent coins realize profits or losses and excludes outputs younger than one hour, peaked near 1.013 in early October and has turned lower. Nearby support sits near $77K, the base of the late-September breakout, while a daily close below the middle of its rising price channel could expose that level.