BITCOIN: One Level Stands Between Us And A VIOLENT CRASH!
1 extracted signal · 0 resolved · 1 still active
Wolves of CryptoIndependent analyst profile- Source published
- 17 Oct 2026, 04:14 UTC
- Recorded by Tahlil Plus
- 17 Oct 2026, 06:42 UTC
AI-generated source summary
The analysis focuses on Bitcoin's price action in relation to key support and resistance levels, specifically the 81,000 to 85,500 price zone which has acted as a significant area of consolidation in the past. The current price is testing resistance near 81,500, breaking above a short-term trendline but struggling to gain decisive momentum. A key 100-week Exponential Moving Average on the weekly chart is identified as a critical long-term support level, currently around 63,000. The analysis highlights the historical significance of the 80,000 level as a major psychological and technical barrier. Despite recent price action, the overall trend on higher timeframes remains bullish, but a decisive break above resistance is needed to confirm further upside. Failure to hold the 80,000 support level could signal a potential test of lower levels, possibly down to the 50-day simple moving average around 79,000.
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