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Bitcoin Price Prediction: Can BTC Retest $85,000 After a 2% Drop as Oil Climbs?

source-logo  coinedition.com 22 October 2026 10:55, UTC
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Bitcoin price prediction for October 22 stays bullish above $80,819, the support $BTC needs to hold to keep a retest of $85,000 alive.

Bitcoin Price Analysis: Can $BTC Hold Above $80,819?

Bitcoin Price Analysis (Source: TradingView)

$BTC is holding above the 50-day EMA at $80,819.36 for now, trading at $82,245.90 and down 2% today after reaching $84,305.87 and slipping back below its rising trendline, which runs near $83,000, and the 20-day EMA at $82,638.06. A daily close back above $83,000 would put price over both.

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The 100-day and 200-day EMAs at $77,411.78 and $76,139.79 are still rising beneath price. RSI at 49.21 sits at the neutral 50 mark and just under its average of 49.84, so momentum favors neither side.

$BTC looks more likely to hold $80,819 than lose it today, and a daily close below that level would put the 100-day EMA at $77,412 in play.

Related: Monero Price Forecast: XMR Bulls Target $670 as Trading Activity Surges

$BTC Support and Resistance Levels, October 22, 2026

Type Price Why it matters
Resistance $82,638 20-day EMA, just under trendline
Resistance $85,000 Round level above this week’s high
Resistance $87,000 September and early-October highs
Support $80,819 50-day EMA
Support $77,412 100-day EMA
Support $76,140 200-day EMA

Bitcoin Falls Below $83,000 as Oil Tops $110 and Equities Weaken

Bitcoin fell as much as 2% in early Asia trading on Thursday and traded near $82,700 as of 1 p.m. in Singapore, giving up the previous session’s gains, according to a report by Suvashree Ghosh. Ether, Solana and $XRP lost roughly 2% to 3.5% cited by Bloomberg.

The report tied the move to renewed pressure on risk assets, as investors weighed mixed technology earnings and rising Middle East tensions that pushed Brent crude above $110, while Asian equities and US stock futures traded lower.

Orbit Markets Expects a Bitcoin Retest of $85,000 as Options Still Favor Downside Protection

The same report carried three views on what comes next:

  • Orbit Markets’ Caroline Mauron: The co-founder said the equity weakness has pushed Bitcoin back into its recent range and that she expects $85,000 to be retested in the coming days, though conviction is likely to stay limited. She added that hawkish signals from the Federal Reserve could weigh on sentiment.
  • Apollo Crypto’s Pratik Kala: The portfolio manager said Bitcoin has held up well through macro shocks and the unwind in AI-linked trades, and he expects the next move to be higher.
  • Deribit options: Pricing still favors downside protection. The largest outstanding put positions expiring Friday, which pay out if price falls, sit at a $78,000 strike.

Bitcoin ETFs Take In $1.08B Over Three Straight Days

US spot Bitcoin ETFs took in $528.40M on October 21, led by BlackRock’s IBIT at $234.99M and Fidelity’s FBTC at $212.71M according to SoSoValue. That follows $23.16M on October 20 and $526.60M on October 19, for about $1.08B over three sessions.

The inflows reverse the previous two weeks of outflows, which the report puts at $909.6M, and turn October’s net flow positive at about $461M. This means that oil above $110 and weak equities are outweighing fund buying for now.

Bitcoin Price Prediction: Bullish and Bearish Scenarios for October 22

Bullish Case, Target: $85,000

$BTC holds above $80,819, reclaims the 20-day EMA at $82,638 and the trendline near $83,000, then clears today’s high at $84,306. That would open $85,000, the level Mauron expects to be retested, with the $87,000 highs above it. Continued ETF inflows would fit this path.

Bearish Case, Risk Level: $77,412 (100-Day EMA)

$BTC closes below the 50-day EMA at $80,819, which would put the $78,000 area, where the largest Deribit puts sit, in play ahead of the 100-day EMA at $77,412. A close below that level would expose the 200-day EMA at $76,140. Brent staying above $110 and hawkish Fed signals would fit this path.

Related: Axis Robotics Price Prediction: AXIS Rallies as Binance Alpha and Upbit Listings Expand Trading Access

FAQs

What is the Bitcoin price prediction for October 22, 2026?

$BTC stays bullish above $80,819 and could move toward $85,000 if it reclaims the 20-day EMA at $82,638 and the rising trendline near $83,000. A daily close below $80,819 would put the 100-day EMA at $77,412 in play.

Why is Bitcoin down today?

$BTC fell as much as 2.4% in early Asia trading on October 22 as risk assets weakened, according to a report by Suvashree Ghosh. The report links the drop to mixed technology earnings and Middle East tensions that pushed Brent crude above $110, and says Ether, Solana and $XRP also lost roughly 2% to 3.5%.

Are Bitcoin ETFs seeing inflows or outflows?

US spot Bitcoin ETFs are seeing inflows, with $528.40M on October 21, $23.16M on October 20 and $526.60M on October 19, according to SoSoValue. That totals about $1.08B over three sessions, and cumulative net inflows now stand at $57.96B.

Will Bitcoin retest $85,000?

$BTC would first need to reclaim the 20-day EMA at $82,638 and the trendline near $83,000. Orbit Markets co-founder Caroline Mauron expects an $85,000 retest in the coming days but says conviction is likely to stay limited, and hawkish Fed signals could weigh on sentiment.

coinedition.com