Bitcoin price defies ‘Black Monday’ fears, can the recovery last?

Bitcoin has climbed above $82,000 despite growing warnings of a possible Black Monday sell-off, as crypto investors weigh rising social media concerns against recent ETF withdrawals and signs of recovery in the broeder market. Summary Bitcoin recovered above $82,000 as social media warnings of another Black Monday attracted widespread attention online. Santiment reported 176 Black Monday mentions on October 18, far exceeding the previous daily average recorded. US spot Bitcoin ETFs lost roughly $229 million last week, with BlackRock leading withdrawals among funds. Analysts identified $81,000 as important support, while stronger recovery signals require Bitcoin to reclaim higher resistance. A Bitcoin wallet inactive since 2013 moved approximately 411 BTC worth $34 million to another address. According to CoinGecko, Bitcoin traded near $82,795 at press time, gaining 1.13% over the previous 24 hours while remaining 1.37% lower over seven days. The cryptocurrency recorded approximately $25.4 billion in daily trading volume, with its market capitalization standing near $1.66 trillion. The recovery followed a difficult week for financial markets, during which Bitcoin briefly fell below ...