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Bitcoin Enters 'Hard Reset' Phase Due to Global Liquidity
Bitcoin's price has stabilized within a narrow range of $82,900 to $83,000, approaching a psychologically important support level. Technical analyst Aksel Kibar from TechCharts notes that since May 2026, there have been more retests and hard re-tests in global equities after breakouts. The cause lies in the current environment of global liquidity and lack of momentum, which has forced a prolonged rally into a harsh reset. Bitcoin's current move mirrors the macroeconomic pattern dominating global markets, with investors exercising extreme caution ahead of the US Federal Reserve's key meeting scheduled for October 27–28. The liquidity shortage has pushed the market into a technical pullback, with market participants expecting a temporary drop below the $80,000 mark. However, large long-term holders are not liquidating their positions, indicating a cautious stance. The outcome of the current pullback is expected to be decided around the $82,800 level in the coming days.