Bitcoin Price Targets $82K as Bullish Momentum Returns

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Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases.

Bitcoin (BTC) approached $82,000 on Wednesday as South Korea’s KOSPI Composite Index gained over 6%.

Bitcoin reached $81,687 on Wednesday, extending a rebound as bid liquidity thickened around $79,000 and $80,000.

South Korea’s KOSPI Composite Index gained 6.63% as tech stocks rebounded from earlier October losses.

Analysts remained uncertain about where BTC/USD will build its next trading range as resistance stayed intact near $82,000.

BTC price heads higher with KOSPI up 9.3% week-to-date

The pair avoided new lower lows on hourly time frames as bid liquidity thickened around $79,000, and $80,000.

Crypto markets strengthened gradually as nerves over AI spending and debt financing eased. The KOSPI finished Wednesday’s trading session 6.6% higher, returning above 6,000 points for the first time since Oct. 14. The index’s week-to-date upside stood at 9.3%.

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