Despite Bitcoin (BTC) falling more than 5% over the past 2 weeks, trading at approximately $82,166 on October 16, 2026, popular pseudonymous crypto analyst Captain Faibik, or CryptoCove, expects a renewed bull run after a breakout above a short-term falling channel. 

Captain Faibik stated that for Bitcoin’s uptrend to recommence it must consistently close above its major resistance level around $84,600, according to his analysis that Finbold obtained on Friday.

The crypto analyst defended his bullish thesis on the fact that Bitcoin price has so far defended a buy zone around $81,583. Additionally, CryptoCove argued that the BTC/USDT chart on the four-hour chart has been…