BTC cycle tracker: Bitcoin tests $81,000 support as $83,000 resistance looms

Bitcoin is testing support around $81,000. A sustained rebound hinges on clearing the key $83,000 supply wall.

Bitcoin remains near the lower end of its recent range. A move above the weekly point of control at $83,000 would strengthen the recovery.

■ Weekly heatmap

The strongest weekly point of control is near $83,000, where trading activity was most concentrated over the past seven days.

Bitcoin is trading around $81,178, below that key concentration level. Its weekly range is $80,200 to $84,400, leaving the market searching for direction beneath the main volume cluster.

The heaviest overhead supply is concentrated between $82,400 and $83,900. The $83,000 peak is the first major resistance level a rebound would need to clear.

Below the market, substantial activity is concentrated between $80,800 and $81,200, with the strongest support near $81,000.

■ 24-hour heatmap

On the 24-hour view, the strongest point of control is near $81,600, marking the session's most concentrated trading level.

Bitcoin at $81,178 is below that level. The 24-hour range extends from $80,200 to $84,000.

The heaviest near-term resistance lies between $81,500 and $81,900, peaking at $81,600.

Support is concentrated between $80,800 and $81,200, with its strongest point near $80,900.

Drawdown from the peak Bitcoin is down 35.59% from its all-time high of $126,038 recorded on Oct. 6, 2025. The drawdown has widened slightly from 35.14% a week earlier.

Post-halving performance At 908 days since the halving, Bitcoin is 27.14% above its halving-day price of $63,850.

Change from the cycle low Bitcoin has risen 415% from its cycle low of $15,770 over 1,424 days. The cycle's projected bull-market endpoint is Oct. 21, 2026, six days away.

This article is based on market data and chart analysis and does not constitute investment advice.