Bitcoin: Markets Bounce After Correction

Bitcoin posted a solid bounce to $82553.39 after the latest correction, exactly as @CryptoMichNL described in his Oct 9 post, where he noted these pullbacks hit once or twice a month before the market resumes its climb and advised traders to buy the dip on BTC. Price sits inside the Bollinger Bands with the lower support at $80551.64 and upper resistance at $86595.85, while the EMA50 at $83952.97 continues to cap upside and the EMA200 at $82193.95 provides the deeper floor in the ongoing bearish structure. Momentum remains neutral with RSI at 40.17 yet the MACD death cross at -781.45 keeps the broader trend pressured, creating a confluence where any test of upper-band resistance would likely meet selling before a healthy retracement toward the 50-EMA level.