Bitcoin reclaims $83K after a month of sideways trading
- —BTC re-entered the ascending channel and reclaimed the $82,800 level
- —Bounce off the 50-day SMA; RSI broke a month-long downtrend line
- —Resistance at $84,000 reinforced by a downsloping trendline
- —50-week SMA still declining; a turn higher may come in late December
Why it matters: Holding above $82,800 and the 50-day SMA will decide whether BTC pushes toward $90,000 or stays range-bound.
Source: Crypto Daily
More on this
Markets · Oct 13Bitcoin reclaims $83K ahead of CPI as BTC and ETH ETFs see continued outflows
Markets · Oct 16Bitcoin may need to reclaim 20-month trend line before new record highs: CryptoQuant
Markets · Oct 3Weekly crypto recap: Bitcoin reclaims $87,000, Ripple advances XRPL lending, SHIB posts best month of 2026