Bitcoin is currently trading on October 3rd, 2026 at $84,592 and above the 40 week moving average at $73000. The bearish trend which developed in Autumn 2025, came to an abrupt end in late August 2026 and has since then given way to a period of rising momentum as can be seen in the weekly MACD-V indicator, which has recently crossed into positive territory. The 14 week relative strength index has also broken out of its negative trend. Immediate upside price targets, based on the entire $126223 to $57,775 range traded since October 2025 are $91999 (Fibonacci 59% retracement) and thereafter $100,075 (Fibonacci 61.8% retracement).
Disclaimer
Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you
