Bitcoin Price Forecast: BTC Keeps Dropping Amid Oil Shock

Bitcoin was trading at $82,971 on October 8, down 1.41% over 24 hours. That live reading keeps BTC below $84,000, the level whose loss turned October’s consolidation into a short-term breakdown. For any Bitcoin price forecast, the question now is whether recent lows can hold while oil and rates push against risk appetite. Renewed attacks on commercial tankers near the Strait of Hormuz sent Brent crude above $101 a barrel. Bitcoin fell as much as 3.7% to about $83,056.60 on October 7, while crypto liquidations reached $547 million, with leveraged longs taking much of the hit. Roughly $100 billion was wiped from the crypto market amid fears that AI could soon break Bitcoin’s cryptography. CRASH: Bitcoin hits a 7-day low as $100,000,000,000 is wiped from crypto amid fears AI could break its cryptography within months. pic.twitter.com/K6cWSWHo8c — Crypto Rover (@cryptorover) October 8, 2026 Join Coinspeaker’s $1,000 Prize Drop on BybitBitcoin Price Forecast: Can BTC Price Hold Its Support? BTC is trading near $83,000 on October 8, down 1.41% over 24 hours after touching a seven-day low around $82,560. The drop follows two failed attempts in late September and early October to break $87...