Bitcoin slips below $86k as ETF outflows cap recovery efforts
- —Bitcoin trades below $86,000 after three consecutive weekly gains totaling over 12%
- —U.S. spot bitcoin ETFs saw a $90 million outflow on Monday
- —Last week ETFs drew $241.09 million in net inflows, a third straight positive week
- —Key resistance at $87,599, immediate support at $85,000
Why it matters: Holding $85,000 preserves the bullish structure, while a close above $87,599 opens the path to $90,000; weak payrolls cut October rate-hike odds to 18.3%.
Source: CoinJournal