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Here’s Where Bitcoin and Ethereum Could Be Headed This Week

Bitcoin and Ethereum enter the new week trading around $83,000 and $2,500, respectively, after both assets absorbed another volatile stretch.

Our previous weekly forecast identified $82,000 to $86,000 as Bitcoin’s neutral range, and BTC has remained inside that zone.

For Ethereum, we noted that a break below $2,600 would expose $2,500 and then $2,400-$2,390. That bearish scenario played out, with ETH briefly dropping to about $2,405 before recovering toward $2,500.

The question for this week is whether those rebounds can develop into something stronger.

Bitcoin Price Analysis

Bitcoin’s two-hour chart shows BTC falling from highs around $87,250 earlier in October to a local low near $80,345 on October 8.

Buyers reacted strongly from that level, sending BTC back above $82,000 and eventually toward the current $83,000 area.

The recovery is constructive, but price has not yet broken the broader short-term structure.

BTC spent several sessions trading above $84,000 before the sell-off, making $84,000-$85,000 the first significant resistance area.

Above that, $86,000 becomes the larger test. A move beyond $86,000 would put the recent $87,250 high back into focus.