Bitcoin price eyes $82K as Morgan Stanley strategist says most of correction is over

Bitcoin (BTC) approached $82,000 on Wednesday as South Korea’s KOSPI Composite Index gained over 6%.Key points: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-dateData from TradingView showed BTC/USD extending an intraday rebound to reach $81,687 on Bitstamp.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe pair avoided new lower lows on hourly time frames as bid liquidity thickened around $79,000, and $80,000, per data from CoinGlass.BTC liquidation heatmap. Source: CoinGlass 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%.KOSPI one-day chart. Source: Cointelegraph/TradingViewIn the US, the tech-heavy Nasdaq Composite Index clos...