Bitcoin Price Reclaimed Levels Above $87,000
Investors in Bitcoin ETFs have seen significant one-day inflows as prices surged past long-term moving averages.
Updated on Sept. 22, 2026 in Investing
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Bitcoin reached a trading price of $87,397 after closing above its 365-day moving average, a level it last consistently held in early 2023. This market movement coincided with over $1 billion in total inflows into Bitcoin ETFs in a single day.
Why it matters
The asset has reclaimed key technical indicators after spending 300 days below them, signaling a shift in market sentiment. For households holding digital assets or ETFs, this movement highlights the volatility associated with price resistance points near $88,000 to $90,000.
Bitcoin reached a price of $87,397, while BlackRock's IBIT ETF alone saw $381 million in inflows. The network is currently 61% of the way toward its next halving event, which is expected to occur around April 13, 2028.
The players
BlackRock
An investment management firm that offers the IBIT ETF, providing households exposure to Bitcoin prices without direct wallet management.
Bitcoin
A decentralized digital asset that functions as a speculative investment and store of value for some household portfolios.
The details
Bitcoin halvings, which happen every four years, automatically reduce the reward for miners by half, effectively slowing the supply of new coins. The most recent halving in April 2024 set the current block reward at 3.125 BTC, which will drop to 1.5625 BTC upon the next event. As the price nears $88,000, market participants are monitoring potential resistance levels that could influence future volatility.
Timeline
March 2023: Bitcoin previously closed above its 365-day moving average.
April 2024: The previous Bitcoin halving occurred.
October 2025: Previous record for one-day Bitcoin ETF inflows.
January 2026: Previous Bitcoin price high point.
April 13, 2028: Estimated date for the next Bitcoin halving.
Money Landscape
This development follows the cycle established by the April 2024 Bitcoin halving, which sets the current block reward structure. Investors are observing these trends against the backdrop of long-term price resistance levels and historically significant ETF participation.
Households with exposure to Bitcoin via ETFs should monitor their cost basis, which averages approximately $81,722, against current price volatility. Always consult with a qualified financial professional before adjusting your exposure to highly volatile asset classes.
The takeaway
Bitcoin price movements are currently influenced by supply milestones and institutional inflows. Investors should remain aware of resistance between $88,000 and $90,000 and maintain a conversation with a financial professional regarding their risk tolerance.
Further reading
Learn more about the fundamentals of digital asset markets in our Investing section.
Source note: This article includes information reported by U.
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