Bitcoin (BTC/USD) is ending the trading week at the 82,698 level, continuing its movement within the context of a bearish trend and a bullish channel. Moving averages indicate an upward trend. Prices have broken upward through the area between the signal lines, pointing to buying pressure and a potential continuation of the BTC/USD price rise. In the immediate term, we should expect an attempt at price growth followed by a test of the support area near the 78,565 level. From there, a downward rebound and a continued decline in the Bitcoin rate are expected, with a potential target below the 62,205 level.
itcoin Forecast BTCUSD October 12 – 16, 2026
An additional signal supporting a decline in BTC/USD quotes during the week of October 12–16, 2026, is a rebound from the upper boundary of the bearish channel. A second signal is a rebound from the resistance line on the Relative Strength Index (RSI). A strong rally and a breakout above the 90,505 level would invalidate the bearish scenario for Bitcoin this week. Such a move would signal a breakout of the resistance zone and a continued rise in BTC/USD quotes, targeting levels above 97,785. Conversely, a breakout below the support zone and a close beneath the 72,405 level would confirm a bearish trend.
itcoin Forecast BTCUSD October 12 – 16, 2026 anticipates a test of the resistance zone near the 78,565 level, followed by a decline in the cryptocurrency to below the 62,205 level. A test of the trend line on the Relative Strength Index (RSI) serves as an additional signal supporting a potential drop in Bitcoin’s price this week. A strong rally and a breakout above the 90,505 level would invalidate this bearish outlook; in that event, a continued rise targeting the 97,785 level should be expected.
