Bitcoin slides under 82k amid oil spike and tech sell-off, bottom signals emerge

Bitcoin fell below 82,000 dollars on Friday, extending the drop that already took it under 80,000 the day before. The move coincided with higher oil prices and a wave of selling in technology stocks, particularly those tied to AI infrastructure.

Throughout the session the price oscillated between 81,000 and 82,500 dollars without managing a sustained break higher. By early afternoon it hovered near 81,300 dollars, down more than one percent on the day.

Glassnode flagged Thursday’s capitulation by sellers, noting similar spikes preceded local lows in August and September. Rand Group highlighted the MVRV momentum oscillator returning to levels that have historically marked cycle bottoms. Forced liquidations across the market also cooled sharply, with bitcoin-related liquidations falling to 56 million dollars and total crypto liquidations to 290 million.

Based on information from cryptonews.net