Coinbase warns Bitcoin could slide to $73,000 if $80,000 support fails
- —The $80,000–$82,000 zone overlaps the ETF cost basis near $81,300 and the 50-day moving average near $81,700
- —U.S. spot Bitcoin ETFs recorded $635.6 million in withdrawals on October 22
- —ETFs have drawn about $6.4 billion since August versus $1.5 billion from corporate treasuries
- —A recovery would need a reclaim of $82,000 and a breakout above $84,000–$85,000
Why it matters: Holding $80,000 will decide whether Bitcoin extends its correction or resumes its uptrend amid Fed rate pressure.
Source: Coinpaper