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Bitcoin rebounds after a sharp drop

Technical Analysis
By Ahmed Ashraf
Bitcoin rebounds after a sharp drop
0 2

BTCUSD

البيتكوين 12-10-2026

Bitcoin is trading above the $81,000 support zone, and prices are likely to rise and retest the minor resistance zone at $85,000; this scenario will be invalidated if the aforementioned support zone is broken to the downside during today’s trading.

Support 81000 85000
Resistance 85000 87000

Bitcoin rose during today’s trading session, approaching the $84,000 level, supported by a relative improvement in investors’ risk appetite, alongside a decline in oil prices following the announcement of a proposed ceasefire between Russia and Ukraine. This development boosted hopes of easing pressure on energy markets and inflation. However, the rally came as a limited recovery following a decline of approximately 2% over the past week, suggesting that the current buying activity may reflect an attempt to recoup some of the previous losses rather than the beginning of a strong and sustained upward trend.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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