Bitcoin Weekly Close in Focus: $82,800 to Unlock $90,000, While $80,000 Loss Risks $70,000

Analysts say the weekly close will decide Bitcoin’s next move. Crypto Rover wrote on X that if Bitcoin holds support, $90,000 follows, while a break would send price into the $70,000s. Ted Pillows noted that Bitcoin remains above its 50-day simple and exponential moving averages, but wants a weekly close above $82,800 before expecting a decent rally. Merlijn The Trader considers the dip to $80,000 finished, says he has already bought, and targets $90,000 next.

The AiTraderView AI Briefing, updated October 18 at 05:32, is more cautious. Bitcoin trades at $81,840.63, up 0.43% since the UTC open, and Ethereum at $2,420.40. But the backdrop is risk-off: the Nasdaq 100 fell 2.69%, the VIX jumped 21.4% to 19.99, and WTI oil rose 6% to $101.41. Bitcoin dominance climbed 1.71 points to 59.57% and USDT dominance rose to 6.65%, signalling defensive positioning.

Altcoins were hit harder. Total2 fell 6.5%, Total3 fell 8.5%, and Total3 excluding stablecoins dropped 11.96% to $563.76 billion, leaving no sign of an altseason. Inflation is also a concern, with US CPI accelerating to 3.72%, although the 10-year yield eased 9 basis points to 5.10%.

The picture is mixed: bulls need a close above $82,800, while a loss of $80,000 keeps $70,000 in play. This is not financial advice.

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Sources:

• Crypto Insiders: Dit zeggen analisten over Bitcoin vandaag: ‘cruciaal weekslot volgt’
• AiTraderView: AI Briefing, updated 18-10-26