Is Bitcoin going up? The answer: no, it’s currently in a short-term correction within a long-term uptrend ₿

The situation today, October 22, 2026:

Price: $81,740 to $82,850, down 2.44% today

Open: $83,786; high: $84,898; low: $81,588 — rose to $84,800 last night, then dropped $3,000 in 24 hours

*$431 million* was liquidated, including $210 million in longs. The largest liquidation was an $11.8 million long on Binance f722

Why did it drop?

Not because of Bitcoin itself:

Tech stocks fell after weak results from Tesla and Meta — Nasdaq down 1.32% and 1.5%, Hong Kong down 3%, Korea down 3.5%, and Japan down 2.7%

Renewed Middle East tensions sent oil and bonds higher

$82,500 is the key support now — if it breaks, we could head to $70,000, according to analysts 180e1abd

But the fundamentals are bullish:

ETFs saw inflows of more than $1 billion in 3 days*; today alone, *+$148.5 million, and $550 million this week

Tesla held on to all 11,509 of its BTC in the third quarter

Above all the moving averages: MA20 $83,188, MA50 $81,709, and MA200 $72,737 — price is above them by 1%, 2.84%, and 15.52%

EMA200 is at $76,272 and price is 8.62% above it — the daily trend remains intact

Bollinger %B at 45.7% means price is in the middle, and Bandwidth is tight at 7.15% versus the usual 11.95% — a squeeze means a breakout is near

Fear & Greed at 68 (Greed), up from 63 yesterday

Open Interest rose by $310M to $23.4 billion 180e1abdff61

3 scenarios for the coming days:

Bullish: A close above $84,150, with continued ETF inflows, could lead to $84,800, then $87,200, then $92,000 and $100,000

Sideways: It stays between $83,500 and $84,800 until the Fed meeting on October 28 — an 83% chance of no change

Bearish: A break below $82,500 could lead to strong support at $80,000, then $76,400, then $70,000 d628

Bottom line:

Bitcoin isn't rallying today; it's in a 2.5% correction after rising to $84,800, but the broader trend from $72,737 remains bullish. This is profit-taking plus the impact of stocks.

If you're a long-term investor: $81k–$82.5k is a good buying zone, with a stop below $80k.

If you're a day trader: wait for a break above $84,150 to go long, or a break below $82,500 to go short, targeting $80k.

bt$c#BinancePick $BTC