Price is holding above its short-term moving averages, which cluster just below current levels after last week’s dip, while the longer 200-day average sits further down at $81,887, keeping the broader uptrend intact. Momentum has also turned back up: the RSI, a gauge of buying and selling pressure, had fallen sharply during last week’s decline but has since climbed back above its own average, pointing to renewed strength behind the bounce.
$BTC Support and Resistance Levels for October 13, 2026
$BTC News: ETF Outflows Meet Falling Exchange Supply
US spot Bitcoin ETFs posted $681 million in net outflows last week, snapping a three-week run of inflows according to SoSoValue.
$BTC reserves on exchanges have dropped to their lowest level in 7 months.
Roughly 700,000 $BTC has left exchanges over the past 365 days.
If demand for bitcoin picks up while exchange reserves remain low, we could see strong price rally. pic.twitter.com/Fwr31KgPNf
— Josh (@CryptoWorldJosh) October 12, 2026
Meanwhile, Trader Josh (@CryptoWorldJosh on X) points to a different signal: Bitcoin reserves on exchanges have fallen to a seven-month low, with roughly 700,000 $BTC pulled off exchanges over the past year. In his view, that shrinking supply could fuel a sharp rally if buying demand picks up. He gave no source for the figures.
Related: Wormhole Price Prediction: W Rallies 61% as Buying Pressure and Open Interest Surge
Does Peter Schiff Still Think Bitcoin Will Crash?
Peter Schiff admits he’s surprised Bitcoin held its gains while gold reversed its rally, but still expects Bitcoin to hit new lows
“Gold lost pretty much the entire rally on all of the tough talk from the Fed about raising rates and fighting inflation. Bitcoin, on the other… https://t.co/jS9pHA8JJi pic.twitter.com/vt4sUPKDqS
— The Wolf Of All Streets (@scottmelker) October 11, 2026
Yes. Gold bug Peter Schiff said he’s surprised Bitcoin “held on to its gains” while gold reversed, and he still expects $BTC to fall to new lows, according to a post from Scott Melker (The Wolf Of All Streets on X).
Schiff laid out the contrast between the two assets:
Schiff admitted he isn’t sure what’s holding Bitcoin up. His outlook is unchanged: this is his own long-standing bearish call, not a confirmed market signal.
Bitcoin Liquidations Today: Shorts Lose $39.62 Million
Traders betting on a falling $BTC price, known as short sellers, lost $39.62 million of the $46.15 million liquidated over the past day as price pushed higher.
Futures volume jumped 68.90% to $31.02 billion, while open interest, the total value of bets still open, rose a more modest 1.99% to $52.53 billion, so the move looks driven more by active trading than by a wave of fresh leverage.
Traders lean long on both major exchanges, with Binance’s account ratio at 1.36 and OKX’s at 1.43.
Bitcoin Price Prediction: Bullish and Bearish Scenarios for October 13
Bullish Case, Target: $86,617
$BTC holds the 0.5 Fibonacci level at $83,476 and closes a session above $84,217. That would open the 0.786 level near $85,470, with the 1.0 level at $86,617 as the next test if shorts keep getting liquidated.
Bearish Case, Risk Level: $81,818 (0.236 Fibonacci Level)
$BTC loses the 0.5 Fibonacci level at $83,476 and the EMA cluster near $83,281 to $83,557. A close below the 0.382 level at $82,735 would put the 0.236 level at $81,818 in play, with the 200-day EMA at $81,887 sitting just above it.
FAQs
Bitcoin ($BTC) could climb toward $84,217 and then $85,470 if it holds above $83,476. A close below $82,735 would put the 0.236 Fibonacci level at $81,818 in play.
US spot Bitcoin ETFs saw $681 million in net outflows last week, ending a three-week streak of inflows. No specific reason for the shift came with this batch, so the cause isn’t confirmed.
Bitcoin’s exchange reserves have fallen to a seven-month low, with roughly 700,000 $BTC leaving exchanges over the past year, according to a post from trader Josh (@CryptoWorldJosh). Lower exchange supply can support a rally if demand picks up, though his figures are unsourced in the post.
Yes. Peter Schiff said he’s surprised Bitcoin has held its gains while gold reversed, but he still expects $BTC to fall to new lows, according to a post from Scott Melker.
