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<h3 id="what-to-know">What to Know</h3>
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    <li>Bitcoin traded near $80,867, falling 3.2% below its October opening price and trailing historical average gains of 6.7% significantly.</li>
    <li>CryptoQuant analyst Andrew Kamsky highlighted contrasting October performances, including Bitcoin’s 2022 recovery, strong 2023 gains, and weaker 2018 returns.</li>
    <li>Bitcoin faces critical support near $80,400, with a confirmed breakdown potentially exposing lower price levels around $77,000 and $73,500.</li>
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 <p>Bitcoin approached the $80,400 support level as October losses widened, falling below its opening price of $83,576.<a href="https://cryptoquant.com/insights/quicktake/6ad087a3a30b2764be0426ec-Bitcoin-Tests-804K-Support-as-October-Lags-History?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=coinjuice" rel="noopener noreferrer nofollow"> According to CryptoQuant analyst Andrew Kamsky</a>, Bitcoin traded near $80,867 on October 15, marking a 3.2% decline against historical average gains of 6.7% and a median increase of 3.8%.</p><br>
 <h2 id="bitcoin-s-previous-october-results-show-different-recovery-patterns">Bitcoin’s Previous October Results Show Different Recovery Patterns</h2>
 <p>Kamsky compared Bitcoin’s current weakness with October 2022, when prices peaked around October 5 before turning negative near October 8. Bitcoin subsequently traded within a narrow range until October 25, eventually finishing the month 5.9% above its opening price.</p><br>
 <p><strong>Also Read: </strong><a href="https://36crypto.com/xrp-death-cross-nears-as-1-34-support-faces-critical-test/" rel="noopener noreferrer nofollow">XRP Death Cross Nears as $1.34 Support Faces Critical Test</a></p><br>
 <p>October 2023 followed a different pattern, with stronger gains emerging during the second half and pushing Bitcoin 27.9% higher by October 31. In contrast, <a href="https://36crypto.com/bitcoin-breaks-85000-as-short-squeeze-reopens-path-toward-100000/" rel="noopener noreferrer nofollow">Bitcoin</a> ended October 2018 with a 4.7% decline, demonstrating that historical seasonal trends do not guarantee positive returns.</p><br>
 <div id="attachment_81317" class="wp-caption alignnone"><img src="https://36crypto.com/wp-content/uploads/2026/10/U7SK4X_efae7d84ccd9e1b7accf2cd026268ff86f2a0557c8cbb0e7255fc2c8f69872b4-400x247.webp" alt="Bitcoin" width="1336" height="825" title="Bitcoin Faces $80,400 Support Test as October Performance Falls Behind Historical Trends 1">
  <p id="caption-attachment-81317">Source: CryptoQuant</p>
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 <h2 id="rising-wedge-breakdown-places-lower-bitcoin-support-levels-in-view">Rising Wedge Breakdown Places Lower Bitcoin Support Levels in View</h2>
 <p>Beyond the historical comparison, Kamsky identified a breakdown below a rising wedge formation on Bitcoin’s four-hour chart. The pattern developed over three months, with prices testing both boundaries before breaking lower on October 7.</p><br>
 <div id="attachment_81318" class="wp-caption alignnone"><img src="https://36crypto.com/wp-content/uploads/2026/10/gJu10_f40704fe9199c973bca3bcf2cd87e99bb0490d74e7910674c25aa24652b74b51-400x227.webp" alt="bitcoin" width="1251" height="709" title="Bitcoin Faces $80,400 Support Test as October Performance Falls Behind Historical Trends 2">
  <p id="caption-attachment-81318">Source: CryptoQuant</p>
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 <p><a href="https://36crypto.com/bitcoin-flashes-rare-four-year-buy-signal-as-two-major-indicators-align/" rel="noopener noreferrer nofollow">Bitcoin subsequently approached trendline</a> support near $80,400, close to the October 8 low, making that area significant. A sustained hold above this level could allow Bitcoin to revisit former wedge support, which now represents short-term resistance.</p><br>
 <p>Alternatively, a confirmed four-hour close below the trendline would weaken the rebound scenario and expose consolidation zones. Kamsky identified $77,000 and $73,500 as potential support areas, followed by deeper levels around $70,000 and $64,000. Bitcoin’s response near $80,400 will determine whether the current decline stabilizes or extends toward those lower price levels.</p><br>
 <p><strong>Also Read: </strong><a href="https://36crypto.com/xrp-rebounds-5-as-binance-traders-record-184-million-in-buying-activity/" rel="noopener noreferrer nofollow">XRP Rebounds 5% as Binance Traders Record $184 Million in Buying Activity</a></p><br>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/bitcoin-faces-80400-support-test-as-october-performance-falls-behind-historical-trends/">Bitcoin Faces $80,400 Support Test as October Performance Falls Behind Historical Trends</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.</p>

Bitcoin Faces $80,400 Support Test as October Performance Falls Behind Historical Trends

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