Bitcoin News Today: BTC Faces Selling Pressure Near $80,000 | October 24, 2026
Bitcoin is facing renewed selling pressure as investors react to significant spot Bitcoin ETF outflows. The $80,000 level is becoming a key area to watch as traders look for signs of recovery or further downside.
Bitcoin Market Update — Last 24 Hours
BTC Price: Around $80,700–$81,100 in recent reports
24-Hour Trend: Approximately 1% lower
ETF Outflows: US spot Bitcoin ETFs recorded about $635 million in outflows on October 22, followed by further reported outflows on October 23.
Key Support: $80,000
Resistance to Watch: $82,500–$85,000
Market Sentiment: Cautious as selling pressure continues.
What Happens Next?
Bullish Scenario: If Bitcoin holds above $80,000 and buyers push the price back above $82,500, a recovery toward $84,000–$85,000 could become possible.
Bearish Scenario: If BTC breaks below $80,000 with strong selling volume, downside risk could increase.
My Market View
Bitcoin is at an important decision point. ETF outflows and broader market uncertainty are creating pressure, but a short-term decline does not automatically mean the bull market is over.
Watch price action, trading volume, and ETF flows before making a trading decision. Avoid FOMO and use proper risk management.
What do you think?
Will Bitcoin recover toward $85,000 next week, or will BTC fall below $80,000 first?
Share your prediction in the comments!
#bitcoin #BTC #CryptoNews #BitcoinETFs #BinanceSquare
Bitcoin is facing renewed selling pressure as investors react to significant spot Bitcoin ETF outflows. The $80,000 level is becoming a key area to watch as traders look for signs of recovery or further downside.
Bitcoin Market Update — Last 24 Hours
BTC Price: Around $80,700–$81,100 in recent reports
24-Hour Trend: Approximately 1% lower
ETF Outflows: US spot Bitcoin ETFs recorded about $635 million in outflows on October 22, followed by further reported outflows on October 23.
Key Support: $80,000
Resistance to Watch: $82,500–$85,000
Market Sentiment: Cautious as selling pressure continues.
What Happens Next?
Bullish Scenario: If Bitcoin holds above $80,000 and buyers push the price back above $82,500, a recovery toward $84,000–$85,000 could become possible.
Bearish Scenario: If BTC breaks below $80,000 with strong selling volume, downside risk could increase.
My Market View
Bitcoin is at an important decision point. ETF outflows and broader market uncertainty are creating pressure, but a short-term decline does not automatically mean the bull market is over.
Watch price action, trading volume, and ETF flows before making a trading decision. Avoid FOMO and use proper risk management.
What do you think?
Will Bitcoin recover toward $85,000 next week, or will BTC fall below $80,000 first?
Share your prediction in the comments!
#bitcoin #BTC #CryptoNews #BitcoinETFs #BinanceSquare