Bitcoin rebound may lead to new all-time high within 90 days, analyst says
first published 2026-10-08T16:30:40Z
Bitcoin dropped to around $80,800, breaking below its 20-day average and testing its 50-day moving average. A bearish daily MACD crossover, a deeply oversold 4-hour RSI, and price trading below the lower Bollinger Band suggest weakening momentum, with analysts eyeing $78,000 and $75,000 if nearby support levels fail.
AI Analysis
The summary describes a sharp Bitcoin drop, bearish technical signals, and specific downside targets if support levels break. This is directly relevant for short-term trading in BTC, though it is technical price action rather than a fundamental event.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
Source Articles
- Bitcoin price risks $78,000 as bearish MACD crossover forms - Crypto News
- UK sanctions crypto platforms accused of helping Russia evade restrictions - Crypto News
- Crypto crumbles as anniversary of flash crash nears - CoinDesk
- Bitcoin Funding Rate Hits Nine-Month Low on Binance - Coinpedia
- DOT price tests $1 support as Polkadot launches dotUSD stablecoin - Crypto News
- WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions - Bitcoin Magazine
- Bitcoin Dominance Hits 1-Month High, Altcoins Remain at Risk - U.Today
- Ethereum’s Glamsterdam upgrade could ease DeFi congestion, Curve says - Crypto News
- Bitcoin reclaims $81K as Trump rules out pre-midterm Iran strikes - Crypto News
- Bitcoin Rebounds Above $81,000 After Trump Rules Out Iran Strikes Before Midterms - The Defiant
- Shiba Inu (SHIB), Hyperliquid (HYPE), Zcash (ZEC) and Ethereum (ETH) Price Analysis for October 9: Bearish Tendencies Get Too Strong - U.Today
- NEAR Protocol Price Corrects After Accumulation: Is $8 Next, or Is the Rally Losing Momentum? - Coinpedia
- Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops - CoinDesk
- Bitcoin Price Could Hit A New All-Time High Within 90 Days - Coinpedia
