Bitcoin was rejected at resistance near $82,800 even as tech stocks bounced, slipping back toward support around $81,000 on the 1-hour chart. Bulls argue Bitcoin is coiling for a breakout: it held above $80,000 all weekend, last week's sell-off flushed out weak hands, and big tech earnings start on the 27th. Bears call the failure to clear $82,800 on a green tech day a red flag, pointing to a confirmed one-week red dot on Market Cipher B and a Nasdaq 100 in a downtrend since its October 6 all-time high. They also cite hot inflation, yields near multi-decade highs, a Fed still leaning toward a hike, and some banks calling for a drop to $50,000 before a rebound. The author's bias is sideways to bearish until a catalyst such as earnings, the midterms or FOMC shifts momentum.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bitcoin is stuck between $81 , 000 and $82 , 800 . Will the bulls or the bears breakout first ?
Read the original on kitco.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/19/2026 | 81,938.40 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan Flips Bullish on Bitcoin Over the Next Ten Years
- FINMA approves Switzerland’s first Bitcoin ETF for retail investors
Switzerland's financial regulator FINMA has approved what it says is the country's first Bitcoin ETF that invests directly in Bitcoin and is accessible to retail investors. The regulator cited growing interest in crypto investments and said multiple providers have submitted or announced Bitcoin ETF applications, though it did not name the issuer or give a launch date. The article notes that SIX Swiss Exchange had announced in August 2025 that iShares would begin trading a Bitcoin product backed by BTC held in cold storage by Coinbase Custody. FINMA also stressed that Bitcoin investments carry market risks, including the possibility of losing a significant part of the invested capital due to high volatility.
- Bitcoin buyers snap up a brief drop below $80,000 as Asian stocks rebound
Bitcoin briefly slipped to about $79,800 on Thursday, dipping below $80,000, but buyers pushed it back to around $82,500 within two hours, and by Friday's Asian trading it had risen 1.3% to nearly $82,000. ZEC led major cryptocurrencies with an 8% gain, while Asian stocks rebounded, with MSCI's Asia Pacific gauge up 1.3% and South Korea's Kospi jumping nearly 3% after its lowest close since April, though Taiwan Semiconductor Manufacturing slipped on AI spending concerns. Treasuries fell, pushing the 10-year yield up to 5.07%. Traders are now watching Federal Reserve Chair Kevin Warsh's remarks in Bangkok after hotter-than-expected September inflation data, with $84,000 seen as the key level to test whether the bounce has real buyers behind it.
- Bitcoin ( BTC ), Asian Equities , Nasdaq Futures Rise After China GDP Exceeds Growth Forecasts
Bitcoin, Asian equities and Nasdaq futures rose together after China's third-quarter GDP grew 4.5% year-on-year, above the roughly 4.4% forecast. Bitcoin traded near $82,500, Nasdaq futures gained more than 1%, and Japan's Nikkei 225 rose 1.8%. September retail sales rose 1.1%, but fixed-asset investment fell 7.2% in the first nine months, pointing to an uneven recovery. Crude prices eased after the US reportedly waived some sanctions and tariffs on Russian energy exports, which the article describes as a partial rebound from last week's AI-led declines.
- Nasdaq's CEO Says Tokenized Money Is the Key to Unlocking Tens of Billions in Trapped Capital. Here's What That Means for Crypto Investors.
Speaking at TOKEN2049 in Singapore, Nasdaq CEO Adena Friedman said retail crypto is about 10 years ahead of traditional markets, and Nasdaq will begin trading U.S. stocks 23 hours a day, five days a week, on Dec. 6. She sees moving money in real time as the harder part, so the plan is to tokenize money (stablecoins) first, then collateral such as Treasuries, stocks and money market funds, which could free “tens and tens of billions of dollars” tied up in collateral pools. The GENIUS Act takes effect on Jan. 18, 2027, or 120 days after final rules are issued, whichever comes first, and no final rule arrived in time for the January date. Friedman doesn’t expect traditional finance to adopt the full crypto playbook, and the broader Clarity Act remains stalled after failing a Senate procedural vote in September. The article points to Circle, Visa and Nasdaq as firms controlling key infrastructure, with Nasdaq licensing its trading technology to 135 market operators and regulators.
- Morning Minute: Nine Blue Chip Companies Say No to Tokenized Stocks
Nine issuers, including Verizon, Broadcom, UnitedHealth and CoreWeave, have objected to their shares trading on OKXICE, the tokenized stock venue run by OKX and ICE, which had planned to list 63 companies. The nine make up 14% of that planned roster, and the notice does not say why they objected or whether they will be kept off the venue. OKXICE trades around the clock through Uniswap v4 pools on OKX’s XLayer chain, settled in USDC and USDT, but it is not registered with the SEC and is not subject to Regulation NMS, which requires investors to receive the best displayed price. Nasdaq is also opting its own shares out, citing the lack of real-time best prices and consolidated tape reporting. The article says Robinhood, Kraken and Backed Finance are also affected by the objections.
Related markets
Latest news
- 'Time Bomb' in Southeast Asia's Only Trillion-Dollar Economy: Stocks Plunge, Investors Flee, Unemployed Youth Turn to Motorbike Taxis, Former Minister Warns Economy Nears Brink
In Southeast Asia's only trillion-dollar economy, a 28-year-old IT graduate now works as a motorbike ride-hailing driver earning about $220 a month, while the middle class has shrunk roughly 19% from its peak and youth unemployment sits near 17%. After MSCI warned it could drop the market from its reference indexes, Indonesian stocks fell more than 11% on October 16, their steepest one-day drop since the 1998 Asian financial crisis, and slid nearly 4% more on October 19. High oil prices, rising U.S. interest rates and costly subsidies, such as free meals for over 80 million students at an estimated $30 billion a year, are adding pressure on the rupiah and the budget. Ferry Latuhihin, former chief economist at International Indonesia Bank, calls the situation a 'time bomb', while former trade minister Thomas Lembong warns the country is getting ever closer to the brink. Phillip Wool of Rayliant says the risk is concentrated in Indonesia.
- SpaceX, Tesla Form Independent Committees To Explore Merger: Elon Musk Says Deal ‘Not A Certainty’
SpaceX and Tesla have formed special committees of independent directors to explore a possible combination, Elon Musk said on SpaceX's third-quarter earnings call. Musk, who leads both firms, is excluded from the talks, and the committees have not agreed on any terms; he said a merger is not a certainty and would need broad shareholder support, with Tesla approval requiring a majority of all outstanding shares. SpaceX reported third-quarter revenue of $14.58 billion versus an estimated $13 billion and EPS of $0.35 against $0.13 expected, driven by superintelligence segment growth. It had $63 billion in backlog, of which $42 billion is expected to convert within a year, and guided to $35–$40 billion in fourth-quarter capex and $33–$37 billion in first-quarter 2027 revenue. SPCX closed near $148, above its $135 IPO price but below its all-time high near $226.
- Could Investing $5,000 in Redwire Stock Make You a Millionaire?
Redwire shares, which listed via a SPAC merger, are down about 21% over the past five years despite brief rallies. In the second quarter, revenue jumped roughly 89% to a record $117.1 million, and the backlog reached $542.1 million. The defense technology segment, boosted by the 2025 acquisition of Edge Autonomy, surged to $61.9 million, and the article argues this business will drive most of future growth. Gross margin improved from negative 30.9% to 27.8%, while the operating loss narrowed from $91.9 million to $22.1 million. The article notes Redwire is still far from sustainable profitability and that the trend may depend on sustaining performance after acquisitions.
- Wall Street diverges Tuesday , industrials advance , techs slip
Wall Street diverged on Tuesday, with industrials rising sharply while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average rose 1.02% to 52,497.42 and the Nasdaq Composite slipped 0.02% to 26,424.82. Direxion's Jake Behan said the market had tolerated higher rates because of the AI growth story, but that relationship began to be tested last week, and upcoming hyperscaler reports on ROI, data centre spending and 2027 capex would matter more than headline earnings. The U.S. dollar weakened against major currencies, European indices mostly fell, and Asian markets diverged: Japan's Nikkei 225 dropped 1.30% and South Korea's KOSPI fell 3.73%, while Indonesia's IDX Composite jumped 5.65%.
- Wall Street diverges Tuesday , industrials advance , techs slip
Wall Street diverged on Tuesday, with industrials rising sharply while tech lagged, although AI stocks firmed after recent sell-offs. The S&P 500 closed at 7,712.75, up 0.29%, while the Dow Jones Industrial Average rose 1.02% to 52,497.42 and the Nasdaq Composite slipped 0.02% to 26,424.82. Direxion's Jake Behan said the market had tolerated higher rates because of the AI growth story, but that relationship began to be tested last week, and upcoming hyperscaler reports on ROI, data centre spending and 2027 capex would matter more than headline earnings. The U.S. dollar weakened against major currencies, European indices mostly fell, and Asian markets diverged: Japan's Nikkei 225 dropped 1.30% and South Korea's KOSPI fell 3.73%, while Indonesia's IDX Composite jumped 5.65%.
- Amgen vs . Bristol Myers Squibb : Which Healthcare Stock Is a Better Buy in 2026 ?
This comparison of Amgen (AMGN) and Bristol Myers Squibb (BMY) uses FY 2025 financials. Amgen reported revenue of about $36.8 billion, up roughly 10%, net income of about $7.7 billion (net margin around 21%) and free cash flow near $8.1 billion; BMY posted revenue of about $48.2 billion, nearly flat, net income of about $7.1 billion (net margin about 14.6%) and free cash flow of about $12.8 billion. The article notes Amgen faces drug pricing pressure, an ongoing IRS tax dispute and biosimilar competition, while BMY depends heavily on Eliquis and faces generic competition and government pricing constraints. It concludes BMY trades at a significantly lower valuation than Amgen, though much of its expected difficulty may already be priced in.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.