Crypto News
Bitcoin recovered from a liquidation-driven slide toward $81,000 and is trading near $83,500. Strategy executive chairman Michael Saylor told Bloomberg Television the bear market had ended and Bitcoin should return above $100,000. Liquidations exceeded $770 million, with leveraged long positions taking most of the hit.
The rebound has not cleared the $84,000–$84,500 resistance area. Bitcoin is above its 30-day simple moving average near $83,051, while support sits around $82,500 and then $81,300–$81,500. A break below $81,300 could put the 50-day EMA near $80,276 and the SuperTrend around $79,664 in view.
Saylor’s six-figure call is a longer-horizon outlook, not a near-term price level. The recovery still needs sustained demand: spot ETF outflows remain a headwind, and the October 14 U.S. inflation report could affect Treasury yields and appetite for risk assets.
Frequently asked questions
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What price level must Bitcoin clear to strengthen the rebound?
Bitcoin needs to break above the $84,000–$84,500 resistance area. A sustained move through that band would improve momentum.
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Where are the nearest support levels for Bitcoin?
Support is clustered around $82,500 and $81,300–$81,500. Below $81,300, levels near the 50-day EMA at $80,276 and the SuperTrend around $79,664 could come into view.
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What did Michael Saylor say about Bitcoin's outlook?
Saylor told Bloomberg Television that Bitcoin's bear market had ended and that the price should return above $100,000.
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Why does the October 14 U.S. inflation report matter for Bitcoin?
A hotter inflation reading could lift Treasury yields and pressure risk assets, while a cooler print may ease that constraint.
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What demand concern remains despite Bitcoin's recovery?
Spot ETF outflows remain a headwind. The recovery needs sustained demand, rather than just a relief bounce, to support the longer-horizon $100,000 call.
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