PANews|Oct 12, 2026 14:26
Opinion: Bitcoin needs to hold onto the key area of $80000, otherwise it may fall back to $76000-78000
Trader Killa posted that Bitcoin bulls need to enter the current region, otherwise BTC may face the risk of falling below $80000 and further adjustment. BTC has already broken through the upper edge of the trading range and is currently backtesting whether the structure of this range is effective. If the price falls back below the range and cannot recover, it may mean that the previous breakthrough failed and the market structure will be disrupted. The market has already gone through a liquidation of about 2 billion US dollars before, and there is no need to search for liquidity again by sweeping low points. If it drops sharply again, it may actually reflect market weakness rather than a healthy adjustment. The current $80000 range is a key area for BTC to continue its upward trend, and bulls need to demonstrate their buying power. If there is insufficient buying, the recent defense against the $80000 support may only attract funds into the range, and then the price may fall towards the $76000 to $78000 range.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink