Yahoo Crypto Market • October 9th 2026, 6:20 PM
Bitcoin Has Made Higher Lows for Four Months. Which Price Would Break the Trend?
Key Summary
Bitcoin has built a four-month series of higher lows, with $57,717 in June, $75,000 in September, and $80,000 on October 8, while trading near $82,581. However, a strategist warns that one specific price level, if breached and not reclaimed, could collapse the entire recovery case and reopen questions about where the cycle bottom lies.
Please see our real time news feed on our Home Page
Bitcoin Has Made Higher Lows for Four Months. Which Price Would Break the Trend?
Current Market Trends
Since June 2026, Bitcoin (CRYPTO:BTC) has hit higher lows during each pullback, but one strategist notes that falling below approximately $75,000 could signal the end of this trend. The first low was recorded at $57,717 on June 30.Analysis of Previous Pullbacks
The September pullback found support around $75,000, while a wave of forced selling on October 8 brought the price down to about $80,000.Resistance Levels
Luke Davis, founder and chief market strategist at Bull Market Blueprint, identified a resistance zone between $85,500 and $94,500—an area where sellers have previously outnumbered buyers.Optimism Amid Challenges
Despite the recent hurdles, Davis remains optimistic, pointing out how much Bitcoin has held onto its recovery amid rising yields and a strengthening dollar.Conclusion
For the past four months, Bitcoin has maintained this pattern. Following the June low, an August rally fueled by steady ETF buying pushed the price higher, while the September pullback found a floor around $75,000. Bitcoin then closed above its 50-week moving average on September 20, signaling a broader upward trend.#Bitcoin#US#Crypto#SEC