Bitcoin Nears $82K as Wall Street Sees Correction Fading

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR Bitcoin climbed to $81,687 on Wednesday, with bid liquidity thickening around $79,000 and $80,000. South Korea’s KOSPI jumped 6.63% as tech stocks rebounded from earlier October losses. Morgan Stanley’s Mike Wilson says most of the market correction is already over. Analyst Rekt Capital compares Bitcoin’s weekly chart to 2022, and $82,000 remains the key resistance. Bitcoin Rebounds Toward $82K Bitcoin pushed higher on Wednesday, reaching $81,687 on Bitstamp, according to TradingView data. The move extended an intraday rebound, and the pair avoided printing new lower lows on the hourly chart. CoinGlass data shows bid liquidity building around $79,000 and $80,000 which can suggest that buyers are stepping in to defend the psychological $80,000 level after repeated dips below it. Still, resistance near $82,000 has held firm for now. Tech Stocks Fuel the Relief I think the broader market deserves credit for this bounce. Nerves over AI spending and debt financing eased, and crypto strengthened gradually alongside equities. South Korea’s KOSPI Composite Index closed 6.6% higher, retu...