Bitcoin's 13-week exponential moving average moved above its 34-week average on Oct. 12, marking a bullish setup on a weekly chart.
Michael Saylor's Strategy buys 250 BTC for $21.5M, lifting holdings to 848,250 BTC, while repurchasing $192M in preferred stock.
Bitcoin and Ethereum extended their weekend recovery, although on-chain indicators and derivatives positioning suggest the rebound faces significant obstacles. Data from CryptoSlate showed that Bitcoin briefly climbed above $84,000 after falling toward $80,000 during last week's selloff.
MOEX's Bitcoin spot trading for retail investors may increase regulatory oversight and transparency but could limit broader crypto market participation. Moscow Exchange opens Bitcoin spot trading to retail investors on December 1.
U.S. crypto ETF demand reversed sharply in the week through Oct. 9, with bitcoin and ether funds losing more than $1.2 billion combined. Solana also snapped a 14-week inflow streak, while XRP and NEAR emerged as rare pockets of demand.
Bitcoin trades near $84K despite roughly $680M in weekly ETF outflows. Can BTC break $85K before U.S. inflation data?
The Bitcoin price rose as far as $84,280 early on Monday before sinking back to $83,700. Is this just a pause in the general upward trend for the $BTC price, or is a correctional leg starting that could take Bitcoin back to the firm support at $83K and possibly lower?
Bitcoin moved above its 50-week average and 365-day MVRV average, while its 2026 decline remains shallower than earlier cycle drawdowns.
Despite the recent correction of bitcoin, several technical and on-chain indicators signal a possible return of the bull market. BloFin Research even estimates that BTC has entered a new cycle, but this hypothesis still depends on maintaining several key supports.
Leverage-induced volatility highlights the risks in Bitcoin trading, emphasizing the need for cautious positioning and monitoring market signals. Bitcoin slips below $83,000, wiping out nearly $42 million in longs before the US open.
Bitcoin was at $83,178 15 minutes earlier and was down 0.73% over the previous hour.
Strategy repurchases $192.4M in STRC shares and buys 250 BTC for $21.5M, lifting Bitcoin holdings to 848,250 BTC with $5.5B in dollar assets.