Bitcoin is trying to recover after a sharp weekend sell-off pushed its price below $80,000. After trading around $81,600–$81,700 on Friday, BTC dropped to a low of $79,263 on Saturday before recovering. On Sunday, it was trading around $80,600–$80,850.

Although buyers stepped in after the decline, Bitcoin remains below the $83,000 level it failed to hold earlier in the week.
ETF Outflows Add Pressure
Spot Bitcoin ETFs recorded approximately $773 million in combined outflows on Thursday and Friday, according to the reported figures. The outflows followed three days of net inflows, raising questions about whether institutional demand is weakening.

The sell-off also triggered heavy liquidations. More than $200 million in leveraged positions were reportedly liquidated within an hour as Bitcoin fell below $80,000. Forced closures of leveraged trades can accelerate price movements during volatile periods.

Meanwhile, corporate accumulation continues. Strive’s Bitcoin holdings reached 36,818 BTC after the company purchased 1,223 BTC between October 14 and 16.
Key Bitcoin Price Levels to Watch
Bitcoin’s immediate support is around $80,000, followed by Saturday’s low of $79,263. A sustained break below these levels could increase selling pressure.

On the upside, $81,500 is the first resistance to watch, followed by $82,500 and $83,000. Reclaiming these levels could strengthen the recovery.

A broader Bitcoin price prediction also depends on market momentum, investor demand, and macroeconomic developments, making these resistance levels important for assessing BTC’s short-term direction.
Fed Decision in Focus
The Federal Reserve’s October 28 decision is another potential market catalyst. Investors will watch for any surprise in the interest-rate decision or the Fed’s outlook.
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For now, Bitcoin’s recovery remains uncertain. Holding above $80,000 could help stabilize sentiment, while a drop below $79,263 may expose the market to further downside. ETF flows and the Fed’s announcement could influence the next move.