Bitcoin's shallow dip is over and the trend signals point higher
Bitcoin's pullback came and went quickly, which is good news for buyers who stayed in — the setup now points toward new highs and possibly six figures before year-end.
- The dip everyone waited for was small and fast, a 5% dip early this week, and Bitcoin has already bounced back near its highs.
- A trend signal that fired on August 19 — a shorter average crossing above a longer one — has historically split into big winners and small, fast losers.
- This time Bitcoin is already up more than 15% since that crossover, far beyond what the failed versions ever managed, so it looks like a winner.
- Past winning runs kept making new highs for about 110 days, which points to strength into early December.
- The seasonal pattern and momentum on nearly every time frame line up in the same upward direction.
Outlook: New highs look likely in the next week or two, with a run into the mid-$80,000s and a shot at six figures before year-end.
## Bitcoin Levels
- **Bias:** Bullish — pullback already done, trend signals pointing up.
- **Buy / accumulate:** Daily dollar-cost-average buys around $80,362; a drop to $78,000 from the mid-$80,000s would be an opportunity.
- **Sell / take profit:** Expect a sharper 10% pullback if Bitcoin reaches $85,000–$88,000.
- **Support:** $76,500 basing low; below that, $72,000.
- **Resistance:** $81,450 (short-term range high).
- **Targets:** $86,500 on a daily close above $81,450; six digits ($100,000+) by year-end if the historical 52% median winner plays out.
- **Invalidation:** Daily or weekly close under $76,500, or the 21 EMA falling back below the 55 EMA.