Bitcoin Price Forecast: $81,500 Leaves Weekly Close Needing a Big Push
Photo: Cryptonews
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.
Source: Cryptonews
