{"id":439204,"date":"2026-10-01T20:28:11","date_gmt":"2026-10-01T13:28:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-awaits-the-next-shove-as-buyers-and-sellers-battle-439204\/"},"modified":"2026-10-01T20:28:11","modified_gmt":"2026-10-01T13:28:11","slug":"bitcoin-awaits-the-next-shove-as-buyers-and-sellers-battle","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-awaits-the-next-shove-as-buyers-and-sellers-battle-439204\/","title":{"rendered":"Bitcoin awaits the next shove as buyers and sellers battle"},"content":{"rendered":"<div>\n<p>Bitcoin buyers came in early in yesterday\u2019s North American session and pushed the price higher. The rally took the digital currency above both its 100- and 200-hour moving averages, shown by the blue and green lines on the chart below, and to its highest level since September 23.<\/p>\n<p>However, the break could not sustain momentum. The price quickly rotated back below both moving averages, and the upside push fizzled.<\/p>\n<p>The buyers had their shot. The buyers missed.<\/p>\n<\/p>\n<p>Moving averages define the near-term bias<\/p>\n<p>The two hourly moving averages remain key barometers for buyers and sellers:<\/p>\n<ul>\n<li>\n<p>100-hour moving average: $83,721<\/p>\n<\/li>\n<li>\n<p>200-hour moving average: $84,013<\/p>\n<\/li>\n<\/ul>\n<p>The current price is trading just below both, giving sellers a modest near-term advantage. Staying below those levels keeps the bias tilted to the downside.<\/p>\n<p>Conversely, a move above both moving averages\u2014and sustained trading above them\u2014would shift the bias back toward the buyers. Trading between the two defines a more neutral area. Bitcoin has spent time in that area today as buyers and sellers figure out which direction the next shove will take them.<\/p>\n<p>For now, sellers have the edge against the moving averages. However, they still have work to do below.<\/p>\n<p>Support keeps buyers in the battle<\/p>\n<p>Since breaking above the $81,517\u2013$82,833 swing area on September 21, Bitcoin has generally held above the upper boundary at $82,833.<\/p>\n<p>There were dips below that level on September 28, but subsequent lows have stayed above it. That continued defense keeps buyers in play despite yesterday\u2019s failed rally.<\/p>\n<p>The distinction is important: trading below the moving averages gives sellers a near-term advantage, but holding above the swing area limits their downside progress.<\/p>\n<p>What would give sellers more control?<\/p>\n<p>The first step would be to break below $82,833 and stay below it. That would put the price back inside the swing area and expose its lower boundary at $81,517.<\/p>\n<p>A sustained break below $81,517 would give sellers firmer control and open the door toward the next downside target area at $79,500\u2013$80,200.<\/p>\n<p>Until those support levels give way, sellers have an advantage, but buyers still have a floor to lean against.<\/p>\n<p>What would give buyers more control?<\/p>\n<\/p>\n<p>Buyers need to reclaim the 100-hour moving average at $83,721, followed by the 200-hour moving average at $84,013.<\/p>\n<p>Getting above both is the first step. Staying above them is what would give the break more credibility\u2014something yesterday\u2019s rally failed to do.<\/p>\n<p>If buyers can establish support above the 200-hour moving average, the next upside targets would be:<\/p>\n<ul>\n<li>\n<p>$85,578: Yesterday\u2019s swing high.<\/p>\n<\/li>\n<li>\n<p>$87,374: The September 21 and September 23 high area.<\/p>\n<\/li>\n<\/ul>\n<p>A lesson for beginner traders: the break needs to hold<\/p>\n<p>Yesterday\u2019s price action is a reminder that moving above a technical level does not guarantee a lasting breakout. Buyers pushed through both moving averages, but the quick reversal showed they could not maintain control.<\/p>\n<p>Technical levels help traders define both a directional bias and a place to measure risk. Above both moving averages, buyers have a stronger argument. Below both, sellers have the advantage. Between them, the picture is more neutral.<\/p>\n<p>For Bitcoin, the next sustained move away from these levels should help resolve the battle. Sellers need to break support. Buyers need to reclaim and hold above the moving averages.<\/p>\n<p>In the video above, I walk through those levels and explain what buyers and sellers need to do to take more control of the next move.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin buyers came in early in yesterday\u2019s North American session and pushed the price higher. The rally took the digital currency above both its 100- and 200-hour moving averages, shown by the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439204","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439204"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439204\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}