Bitcoin rebounds toward $84K but ETF outflows and sell wall cap the rally
- —Bitcoin traded near $83,395 after rebounding from $81,000 and briefly approaching $84,000
- —KOSPI fell 7.4% over the week, dropping below its 200-day moving average for the first time since July
- —October outflows from US spot Bitcoin ETFs total about $451 million, including $69 million on Monday
- —Nearest support sits at $82,000, with the 4-hour RSI at 51.81
Why it matters: Until ETF buyers return and the $84,000 sell wall is cleared, Bitcoin is likely to stay range-bound between $80,000 and $87,000 ahead of the October 14 CPI print.
Source: crypto.news