Bitcoin price prediction: Can BTC reclaim $85K?

Bitcoin has climbed back above $82,000 as a recovery in technology stocks lifted market sentiment, although traders remain divided over whether BTC can break through $85,000. Summary Bitcoin recovered above $82,000 on October 21 but remained below resistance around $83,100 and $85,000. SoSoValue data show $23.16 million in October 20 inflows. Crypto Rover identified more than $2 billion in potential short-liquidation liquidity between $84,000 and $85,000. Rekt Capital warned that Bitcoin’s weekly close below $82,200 could lead to further selling. Daily Bollinger Bands and MACD readings indicate that buyers have yet to establish a sustained recovery. According to crypto.news market data, the cryptocurrency traded around $82,500 at the time of writing, gaining 1.24% over 24 hours while remaining 1.30% lower for the week. The recovery followed stronger corporate results and forecasts from major technology companies, including SpaceX and Super Micro Computer. Asian equities advanced Wednesday, with semiconductor-related stocks benefiting from renewed interest in artificial intelligence investments. Despite the improvement, BTC has struggled to sustain trading above $83,000. The cryptoc...