Bitcoin ($BTC ) Latest Analysis — 8 October 2026
Current price: around $82,600–$83,000. Bitcoin is under short-term selling pressure after failing several times to break the $87,000 resistance. �
Reuters +1
📉 Technical levels
Resistance: $86,500–$87,000
Support: $82,000–$83,000
Major downside level: $80,000
If BTC reclaims $87,000 and holds above it, bullish momentum could return.
If BTC loses $82,000, the next important area to watch is around $80,000. �
Barron's
🌍 Why Bitcoin is falling
The main pressure currently comes from higher U.S. Treasury yields, a stronger U.S. dollar, and rising oil prices, which are increasing concerns about inflation and tighter monetary policy. Bitcoin has also seen significant leveraged liquidations during the recent selloff. �
Reuters +1
🔮 My view
Short term: 🟠 Bearish / cautious
BTC needs to recover $86.5K–$87K before the chart becomes convincingly bullish again.
Medium term: 🟢 Still potentially bullish, but volatility is likely to remain high. Citi recently raised its 12-month Bitcoin forecast to $113,000, citing stronger crypto activity and renewed ETF inflows. �
Reuters
Important: This is market analysis, not a guaranteed prediction or financial advice.
#FedMinutesFocusOnOctoberPause #IMFGrantsWaiverForElSalvadorBitcoinBreach #EvernorthDelaysNasdaqDebutToOct12
Current price: around $82,600–$83,000. Bitcoin is under short-term selling pressure after failing several times to break the $87,000 resistance. �
Reuters +1
📉 Technical levels
Resistance: $86,500–$87,000
Support: $82,000–$83,000
Major downside level: $80,000
If BTC reclaims $87,000 and holds above it, bullish momentum could return.
If BTC loses $82,000, the next important area to watch is around $80,000. �
Barron's
🌍 Why Bitcoin is falling
The main pressure currently comes from higher U.S. Treasury yields, a stronger U.S. dollar, and rising oil prices, which are increasing concerns about inflation and tighter monetary policy. Bitcoin has also seen significant leveraged liquidations during the recent selloff. �
Reuters +1
🔮 My view
Short term: 🟠 Bearish / cautious
BTC needs to recover $86.5K–$87K before the chart becomes convincingly bullish again.
Medium term: 🟢 Still potentially bullish, but volatility is likely to remain high. Citi recently raised its 12-month Bitcoin forecast to $113,000, citing stronger crypto activity and renewed ETF inflows. �
Reuters
Important: This is market analysis, not a guaranteed prediction or financial advice.
#FedMinutesFocusOnOctoberPause #IMFGrantsWaiverForElSalvadorBitcoinBreach #EvernorthDelaysNasdaqDebutToOct12