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bitcoin newsOct 20, 2026AI summary

Bitcoin Hits $83,300 Before Pulling Back at 21-Day Trend Line

Edited by Steinar Vigdel Kolnes, Editor, Oslo

Bitcoin climbed to $83,300 as strong US third-quarter corporate earnings lifted stocks and oil prices fell, before reversing at a 21-day trend line.

Bitcoin Hits $83,300 Before Pulling Back at 21-Day Trend Line

Bitcoin rose to $83,300 alongside gains in US equities, then pulled back after reaching a 21-day trend line.

Strong third-quarter earnings from US companies supported the stock market advance. Oil prices declined during the same period.

Bitcoin failed to sustain its move at the trend line. The report did not specify how far the price fell after touching $83,300.

Source: Cointelegraph

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