{"id":439784,"date":"2026-10-09T20:35:32","date_gmt":"2026-10-09T13:35:32","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-sellers-had-their-shot-they-missed-439784\/"},"modified":"2026-10-09T20:35:32","modified_gmt":"2026-10-09T13:35:32","slug":"bitcoin-sellers-had-their-shot-they-missed","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-sellers-had-their-shot-they-missed-439784\/","title":{"rendered":"Bitcoin sellers had their shot. They missed."},"content":{"rendered":"<div>\n<p>Bitcoin sellers had their shot. They missed.<\/p>\n<p>The price of bitcoin broke above a swing area between $81,517 and $82,833 on September 21. After that break, buyers largely held support near the top of that area\u2014until yesterday.<\/p>\n<\/p>\n<p>Sellers pushed the price back into the swing area and then below its lower boundary at $81,517, opening the door for further downside momentum. However, after moving toward the September 20 low at $80,106, just above the natural support at $80,000, the selling stalled. Sellers turned back to buyers, and the price snapped higher.<\/p>\n<p>In trading today, that recovery has taken bitcoin back above the swing area high at $82,833. Buyers have regained some control, but they still have work to do.<\/p>\n<p>The next upside targets are:<\/p>\n<ul>\n<li>\n<p>$83,963: The falling 100-hour moving average.<\/p>\n<\/li>\n<li>\n<p>$84,522: The 200-hour moving average.<\/p>\n<\/li>\n<\/ul>\n<p>Getting above those moving averages\u2014and staying above\u2014would strengthen the bullish bias and open the door for another run toward the late-September and early-October highs, including $87,374, reached on September 23.<\/p>\n<p>For now, the same technical area that helped define the bias coming into the week remains the key barometer: $81,517 to $82,833.<\/p>\n<p>Stay above $82,833, and buyers keep the recovery alive. Move back into the swing area, and that recovery loses some traction. Break below $81,517, and sellers regain more control.<\/p>\n<p>The lesson for traders is that a break needs follow-through. Sellers got their break yesterday, but they could not sustain the momentum. Buyers now have their opportunity. The hourly moving averages are the next test.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin sellers had their shot. They missed. The price of bitcoin broke above a swing area between $81,517 and $82,833 on September 21. After that break, buyers largely held support near 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-439784","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439784","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=439784"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439784\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}