Bitcoin price stalls below $84K as analysts split over $90K target

Bitcoin price has recovered to around $81,731 after falling below $80,000 this week, while a daily retreat beneath its Bollinger midpoint has left traders divided over whether the rebound can reach $84,000. Summary Bitcoin traded near $81,731, down 2.44% from its weekly opening price on Binance. Daily Bollinger Bands placed the midpoint at $83,478 and the lower boundary near $80,592. Weekly RSI stood at 56.75, while the green Supertrend line remained near $66,812. Market commentator Wealthmanager outlined a conditional $90,000 target if Bitcoin breaks above $84,000. TradingView’s Binance BTC/USDT charts at 8:11 a.m. UTC on Oct. 17 showed Bitcoin trading above its weekly low of $79,800 but below the week’s $83,773 opening price. The weekly high stood at $84,352, leaving the market inside a range it had already crossed in both directions. The daily snapshot recorded a 0.14% gain, with price moving between $81,416 and $81,770. Against the weekly decline, that modest daily advance showed a rebound that had yet to recover the ground lost earlier in the week. Bitcoin price remains below its $83,478 daily midpoint On TradingView’s daily chart, Bitcoin sat below the 20-day simple moving av...