{"id":439639,"date":"2026-10-07T23:15:00","date_gmt":"2026-10-07T16:15:00","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-bitcoin-ups-and-downs-continue-but-with-the-sellers-taking-back-short-term-control-439639\/"},"modified":"2026-10-07T23:15:00","modified_gmt":"2026-10-07T16:15:00","slug":"the-bitcoin-ups-and-downs-continue-but-with-the-sellers-taking-back-short-term-control","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-bitcoin-ups-and-downs-continue-but-with-the-sellers-taking-back-short-term-control-439639\/","title":{"rendered":"The Bitcoin ups and downs continue but with the sellers taking back short term control"},"content":{"rendered":"<div>\n<p>Bitcoin spent the last few days trying to break through the upper swing area between $85,578 and $87,374, but buyers could not get the price above the ceiling.<\/p>\n<p>Friday\u2019s high reached $87,144, just short of the upper extreme. Monday\u2019s high was a little lower at $86,969, and yesterday\u2019s high stalled at $86,677 before rotating to the downside. Those progressively lower highs suggested the upside push was losing momentum.<\/p>\n<p>Buyers had their shot. They could not finish the job.<\/p>\n<p>The moving average breaks gave sellers the shove<\/p>\n<p>Despite the failed attempts near the highs, buyers continued to lean against the rising 100-hour moving average \u2014 the blue line on the chart below \u2014 and the rising 200-hour moving average, shown in green. Those levels helped keep the recovery alive.<\/p>\n<p>That changed today.<\/p>\n<p>The price broke below both moving averages, shifting the short-term bias in favor of the sellers. With support giving way, downside momentum accelerated and took bitcoin to $82,734. That low was just inside the upper boundary of the next swing area between $81,517 and $82,833.<\/p>\n<p>See the hourly chart below.<\/p>\n<\/p>\n<p>Sellers have control, but another hurdle remains<\/p>\n<p>The moving average breaks were a win for sellers. However, extending that control requires more work.<\/p>\n<p>The $81,517\u2013$82,833 swing area is the next key test. Trading near its upper boundary puts the area in play, but sellers still need to push through the zone and get below $81,517 \u2014 and stay below it. That would strengthen the bearish bias and open the door for further downside momentum.<\/p>\n<p>Conversely, if buyers can hold support within the area and move back above $82,833, they would have a foothold for a recovery. The broken moving averages would then become the upside targets and resistance:<\/p>\n<ul>\n<li>\n<p>200-hour moving average: $84,799<\/p>\n<\/li>\n<li>\n<p>100-hour moving average: $85,269<\/p>\n<\/li>\n<\/ul>\n<p>Moving above the 200-hour MA would begin to repair the technical damage. Getting above both moving averages and staying above them would shift the short-term bias back toward the buyers.<\/p>\n<p>Until then, sellers retain the advantage.<\/p>\n<p>Trader education: Support defines risk, but buyers need follow-through<\/p>\n<p>For newer traders, the lesson is that failed attempts at resistance become more meaningful when support finally breaks. The lower highs were a warning. Today\u2019s move below the moving averages supplied the shove.<\/p>\n<p>The lower swing area now gives buyers a place to lean and define their risk. However, holding support is only the first step. Buyers also need to reclaim broken levels to show they are taking back control.<\/p>\n<p>Hold the swing area and buyers have a chance to regroup. Break below $81,517 and stay below, and sellers strengthen their grip.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin spent the last few days trying to break through the upper swing area between $85,578 and $87,374, but buyers could not get the price above the ceiling. Friday\u2019s high reached $87,144,&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-439639","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439639","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=439639"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439639\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}