Bitcoin rebounds $7,000 but hits resistance near $82,000

  • Bitcoin rebounded after falling to $74,913 on Sept. 16.
  • Bitcoin recovered about $7,000 between Sept. 18 and 19, reaching $81,914.
  • Bitcoin traded near $80,438 early Sunday after failing twice near $82,000.

Bitcoin fell to $74,913 on Sept. 16 before rebounding about $7,000 between Sept. 18 and 19, reaching a high of $81,914. By early Sunday, it was trading near $80,438, down about 1% over 24 hours. After testing the $82,000 area twice without holding above it, Bitcoin faced short-term support at $80,000 to $80,300 and resistance at $81,500 to $82,300. Technical readings were broadly positive: 13 of 15 daily moving-average indicators were positive, with the price above exponential moving averages (trend-weighted averages) and simple moving averages (equal-weighted trend averages) across the measured periods, Bitcoin.com News reported.

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