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Bitcoin price eyes $82K as Morgan Stanley strategist says most of correction is over

Picture: Cointelegraph

Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases. Bitcoin (BTC) approached $82,000 on Wednesday as South Korea’s KOSPI Composite Index gained over 6%. Data from TradingView showed BTC/USD extending an intraday rebound to reach $81,687 on Bitstamp. The pair avoided new lower lows on hourly time frames as bid liquidity thickened around $79,000, and $80,000, per data from CoinGlass . Crypto markets strengthened gradually as nerves over AI spending and debt financing eased.

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