# Bitcoin Sellers Capitulate Above $80,000 in Thursday Decline

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33484
Published: 2026-10-16T20:58:03.000Z
Updated: 2026-10-16T20:58:03.000Z
Section: Investing

> Seller capitulation emerged during Thursday’s decline just above $80,000. Earlier loss-selling waves coincided with local lows in August and September.

Bitcoin (BTC) sellers capitulated during Thursday’s decline just above $80,000, a move that would mark a local bottom if the earlier pattern holds.

Loss-selling waves in early August, mid-August and mid-September each coincided with local lows, while profit-taking has slowed since September’s high.

The possible bottom signal is conditional on the pattern holding.