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Edition 2026-10-11

CRYPTO

Bitcoin rebounds toward $82,800 after weekend sell-off, faces resistance near $84,400

Bitcoin climbed toward $82,800 on Oct.

By cryptonews · 12d ago · Source: cryptonews

Full article

Bitcoin climbed toward $82,800 on Oct. 10 after a steep sell-off that triggered over $1 billion in liquidations across the broader crypto market. The rebound followed a week of volatility that saw the digital asset swing between $80,427 and $86,949, settling near $82,726 by late afternoon. Data from CoinGecko showed a 0.3% rise over the previous 24 hours, though the price remained 2.2% lower than seven days earlier. Technical indicators painted a cautious picture: the daily relative strength index hovered at 50.97, below its recent average, while Bitcoin traded beneath multiple moving averages on both four-hour and daily charts. Resistance appeared clustered around $84,170 to $84,400, where several technical levels converged, including a Bollinger Band midpoint and key moving averages. Analyst Lennaert Snyder highlighted $81,100 as a critical support zone that had enabled the recent bounce, with further downside risk if the asset failed to hold above $80,400. Below that threshold, potential declines toward $80,000 were noted. Meanwhile, U.S. spot Bitcoin exchange-traded funds experienced $678.9 million in net outflows between Oct. 5 and Oct. 9, led by BlackRock’s IBIT and Fidelity’s FBTC, according to Farside Investors. A modest $21.1 million inflow on Oct. 10 coincided with the price recovery but did not reverse the weekly trend. Liquidation heatmaps from CoinGlass revealed concentrated sell pressure near $87,000 and $84,700, suggesting those levels could continue to constrain upward movement. While some traders expressed optimism about a potential test of $87,000 if support held, others warned that weekend gains often eroded during the following week. The market remained sensitive to both technical thresholds and institutional fund flows, with price action likely to be shaped by whether Bitcoin could clear the $84,400 resistance zone in the coming days.

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cryptonews
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high
Published
10/11/2026, 10:00:03 AM
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10/11/2026, 10:00:03 AM
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