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Bitcoin price tests $81K support as bears hold control, can BTC recover? · globalmfund

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CryptoBTCUSD

Bitcoin price tests $81K support as bears hold control, can BTC recover?

Crypto news · 16 Oct 2026, 13:52 UTC

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Source: Crypto news

Article summary

Bitcoin traded near $81,400 on Oct. 16 after rebounding from a weekly low of $79,800, leaving its recovery dependent on holding the 50-day moving average and breaking a pattern of lower highs. Bitcoin's daily chart showed a price of $81,345.

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