Bitcoin is in a sharp pullback that looks set to bottom near $79,000, which is painful for short-term traders but still normal inside an uptrend.

• Bitcoin fell from $87,000 to the low $80,000s in a straight line, hitting several short-term correction targets.
• The daily chart has one unfinished target left at the 55-day average, now around $79,000.
• The trend is still intact as long as price holds above the last higher low near $75,000.
• Longer-term signals still point up, with a typical post-golden-cross leg higher due around mid-October.
• A bounce back above $83,000 would confirm the low is in.

Outlook: A dip to roughly $79,000 followed by a bounce and more sideways action, then an attempt higher in the back half of October.

## Bitcoin Levels

• **Bias:** Bullish longer term, corrective short term
• **Buy / accumulate:** Bought spot at $80,719; main buy zone around $79,000, with a secondary bounce zone at $75,000–$76,000
• **Support:** $79,000 (55 EMA), $78,500 (377 EMA), $74,900 last higher low
• **Resistance:** $83,000 reclaim confirms the low; $87,500
• **Targets:** $90,000 around October 16, $92,500 by month-end, above $100,000 before year-end
• **Invalidation:** Daily close below $78,500 opens $75,000–$76,000; below $75,000 breaks the uptrend