Bitcoin price outlook: Where is BTC headed this October?

Bitcoin’s $80,000 support faces its next test

On the daily TradingView chart, Bitcoin remained above its green Supertrend line at $79,663.52. The indicator still supports a bullish trend reading, although the recent decline has brought price closer to that threshold.

Together, the Supertrend reading and the weekly low identify approximately $79,600–$80,400 as the nearest major support area. A sustained move below that range would weaken the daily recovery structure and expose the earlier trading region around $75,000–$76,000.

The daily MACD offers a more cautious signal. Its blue line stood at 1,172, below the orange signal line at 1,709.23, while the histogram registered negative 537.22.

The bearish crossover indicates that upward momentum has slowed despite Bitcoin’s rebound. Both MACD lines remained above zero, however, distinguishing the current loss of momentum from a fully negative reading across the indicator.

Based on those chart signals, another support test remains possible unless Bitcoin rebuilds momentum above the nearby resistance area. A recovery through $84,000–$85,000 would be an initial improvement, while the recent highs around $86,500–$87,000 represent the more important barrier.