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Bitcoin Price Below $83,000 as Bears Circle
Bitcoin's price hovered around $82,550 to $83,000 on Monday, October 12, 2026. Technical indicators showed a largely neutral picture with a modest bearish tilt. Bitcoin traded within a 24-hour range of $82,550 to $84,231. Despite near-term weakness, bitcoin remains above several longer-term moving averages, suggesting its broader recovery structure is intact. Bitcoin's price is caught in a technical tug-of-war, with bears having a modest advantage heading into the next potential directional move. Immediate support rests between $82,700 and $83,000, while resistance appears near $83,500, followed by $84,000 and $84,254. Losing $82,700 would expose $82,250 and potentially $81,800.