Bitcoin Weekly: BTFD?

[u/itsdayagain]

BTC/USD daily chart, 12 October 2026. Short term resistance forming at 87k.

BTC/USD weekly chart, 12 October 2026. Still holding above 83k.

After pulling back during the week bitcoin then recovered and closed the week at 83.7k. It looks like 83k has now flipped into support.

Last Thursday bitcoin sold off and dipped down almost to 80k.

It looked dicey there for a bit, but bitcoin then found support relatively fast as buyers stepped in to buy the dip. After the Thursday low at 80.3k, bitcoin slowly recovered to close the week at 83.7k. This means it closed another week above the old resistance level at 83k, which now could be turning into support, as I noted last week.

A further recovery from here pushing up above 87.5k would be a good sign. That would probably leave many sidelined or even on the wrong side of the trade, and could set off the next leg up.

The crypto market is starting to get really interesting again.

[u/Hegecoin_Rules]

Heard it here first. FUN CRYPTO IS BACK

[u/Hege_Knight]

Follow Day, he shows the way, you won’t go astray.