Market tone: Bearish
Shaurya Malwa · CoinDesk · 2026-10-09T06:51:32.000Z
Bitcoin extends gains above $82,000
Bitcoin BTC$82,554.29 remained bid during European trading hours, tracking an uptick in Nasdaq-linked futures.
The cryptocurrency was trading near $82,500, fast approaching its May high of $82,814. That level was first breached to the upside on Nov. 21 and then vigorously defended for several days before giving way on Thursday.
The focus is now on whether bitcoin can reclaim that level. A failure to do so would strengthen the immediate bearish outlook, as technical analysts typically view a rejected retest of a former support level as a negative signal.
Originally published by CoinDesk.