Bitcoin Price Forecast: $81,500 Leaves Weekly Close Needing a Big Push

Sunday’s (October 18) Bitcoin price forecast puts it near $ 81,600, with technical indicators sending mixed signals. Shorter-term moving averages favored sellers, while longer-term averages continued to support buyers. The relative strength index (RSI) stands at 46, and the broader technical rating remains neutral. With support clustered around $81,000 and resistance extending toward $82,500, BTC USD faces a consequential test of its recent consolidation. Bitcoin’s price is caught in a peculiar technical standoff, trading around $81,500 yesterday and into today as bearish short-term moving averages clash with a much healthier longer-term structure. With a market cap of approximately $1.64 trillion, $13.967Bn in daily trading volume and a 24-hour range stretching from $81,100 to $81,750, the market has settled into a narrow holding pattern, leaving traders to determine whether the latest…

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