# Bitcoin Bulls Need Buying Support Near $80,000 to Hold Range By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/30386 Published: 2026-10-12T14:30:26.000Z Updated: 2026-10-12T14:30:26.000Z Section: Investing > Bitcoin is retesting the upper boundary of its trading range. If buying support fails, the price could retreat toward $76,000 to $78,000. Bitcoin (BTC) was retesting the upper boundary of a trading range near $80,000 on Oct. 12 at 10:25 a.m. ET (14:25 UTC), putting the level at the center of the market’s next technical test. Bitcoin previously broke above the range’s upper boundary and is now testing whether that structure remains valid. A move back below the range followed by a failure to reclaim it would signal that the breakout had failed and weaken the market structure. The market has already experienced approximately $2 billion in liquidations. Another sharp decline could indicate weakness rather than a healthy adjustment. Buying support near $80,000 will be important for Bitcoin’s next move. If buying support near $80,000 fails, Bitcoin could retreat toward the $76,000-to-$78,000 range. The setup follows earlier market focus on the [Bitcoin $80,000 support zone](). ## Links in this article - [Bitcoin $80,000 support zone](https://www.tokenpost.com/news/investing/25665)