Bitcoin looks set for one more drop into the low $80,000s this week, which is short-term pain but still treated as a buying chance rather than the start of a downtrend.

• A daily trend signal is about to flip negative for the second time, and that pattern pulls price down to its 55-day average 82% of the time within 7 to 10 days.
• That lines up with a target just under $80,000, so more sideways and down action is likely through most of next week.
• The bigger picture stays positive: a "golden cross" fired about a month ago and Bitcoin is tracking the historical path almost exactly, with the real gains usually starting around day 40.
• Inflation data lands this week and the Fed's rate decision comes the following week, both likely to move price.
• Nothing breaks the bullish case while Bitcoin holds above $75,000; losing that would open a much deeper slide.

Outlook: A dip to the low $80,000s is expected first, then a bounce toward the upper $80,000s by the end of October, with $90,000-plus in play by mid-to-late November.

## Bitcoin Levels

• **Bias:** Bullish on the medium term, corrective short term.
• **Buy / accumulate:** Low $80,000s, around $80,000-$80,350; the $79,600 area on a deeper wick.
• **Sell / take profit:** $88,000-$89,000 into end of October; $90,000-$91,600 on extension.
• **Support:** $79,600 (55-day average), $80,350, $81,900; major lows at $75,000 and $62,000.
• **Resistance:** $82,700 (daily close below forces the bearish cross), $87,500, $88,000, $91,600.
• **Targets:** $83,500-$84,000 on the bounce, then $88,000-$89,000, with $90,000 by late October and above $100,000 possible by end of November.
• **Invalidation:** A loss of $75,000 opens a drop to $67,000-$70,000; a weekly close below the upper-band low points under $79,000.