Bitcoin’s Next Move: Will It Hit $98,000 or Drop to $77,000 First?

Bitcoin is trading within striking distance of two critical price levels that analysts say could send it sharply in opposite directions, and the signals from ETF flows, options traders, and on-chain data are pointing toward the same outcome.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Bitcoin (CRYPTO: BTC) is trading about $300 above a critical threshold, Jesse Marre of the Hilbert Group noted as of October 8, 2026. This level could trigger a decline to $77,000. Conversely, Bitcoin is approximately $4,400 below the point Marre says could launch a rise to $98,000. Given these conditions, a move toward $77,000 appears more likely right now.

Currently priced at $82,969, Bitcoin has fallen 1.5% in the last 24 hours and 1.3% over the past week. This marks a significant retreat of 34.2% from its all-time high of $126,080. So, which price point will Bitcoin touch first, $98,000 or $77,000?

Hilbert Group’s Jesse Marre Puts Bitcoin’s Range at $82,700 to $87,400

Bitcoin has been fluctuating within a specific trading range, where prices bounce between established highs and lows. Buyers tend to enter the market near the bottom of this range, while sellers tend to exit near the top.