Bitcoin: The 80,000 dollars remain decisive for a rebound

Bitcoin is at a decisive level after its recent correction, which brought its price down from 88,000 to nearly 80,000 dollars. Buyers are now trying to defend this threshold, while several indicators suggest a possible return to 94,000 dollars. According to analyst Doctor Profit, this drop could be part of a broader bullish trend. However, maintaining the support and resuming purchases will determine the further evolution of this market.

The 80,000 dollars, a key support for Bitcoin

In his latest market analysis, Doctor Profit estimates that the recent Bitcoin drop represents a correction within a bullish market. According to him, the decline from 88,000 dollars does not necessarily imply the beginning of a new bearish trend. The area between 79,000 and 81,000 dollars could rather serve as a base for a recovery. The upcoming price movements will verify if buyers manage to defend this area.

This range also presents interest for institutional investors. According to the analyst, companies holding bitcoin in their treasury and investors in spot ETFs have average purchase prices between 80,000 and 81,500 dollars. Maintaining prices around these levels could therefore limit sales by some holders. Conversely, a sustained break of this support would weaken this hypothesis and complicate finding a local floor.

Doctor Profit also notes a resumption of spot purchases around 80,000 dollars. At the same time, profit-taking slows down, suggesting reduced selling pressure. Some short-term investors continue to sell their assets during the correction. However, those who bought between 60,000 and 70,000 dollars seem less inclined to sell, according to his analysis. This difference in behavior could help stabilize the market if demand remains strong enough.

Retail pessimism contrasts with rebound expectations

The sentiment of retail investors is another important factor to understand the current situation. Doctor Profit observes that many of them appear very pessimistic after the recent drop. Some sold their positions, while others are waiting for another price decline before returning to the market. According to the analyst, this negative climate could give way to a recovery if sellers progressively lose their influence. However, investor sentiment alone is not enough to confirm a reversal.

The fear and greed index is currently at 48. Doctor Profit considers that this value does not fully reflect the fears of retail investors who sold during the correction. Investors who purchased at lower levels seem, on the other hand, to hold their positions. This discrepancy between behaviors could signal a transition phase in the market. It remains necessary to observe actual purchases and price evolution to determine if this trend is confirmed.

The analyst envisions a return of bitcoin to 94,000 dollars if the market regains strength. For him, defending the support is only a first step towards this target. He also identifies an important technical condition: a daily close above the 50-day exponential moving average. According to his analysis, this breakthrough would be a positive signal for a recovery. Without confirmation of this technical threshold, the 94,000-dollar target remains a conditional projection rather than an assured development.

Flows on Binance reveal a divergence between retail and whales

Capital movements on exchange platforms provide another perspective on investor behavior. Analyst Darkfost reported on X a marked increase in Bitcoin inflows from retail investors on Binance. Over a 30-day period, their amount rose from 5.5 to 10.75 billion dollars. According to this data, retail investors are transferring more assets to this platform than before. These movements deserve particular attention as they may precede sales without guaranteeing that they will actually occur.

Flows attributed to whales follow a different path. According to Darkfost, their deposits decreased from 5.9 billion dollars at the end of August to 3.8 billion dollars. This decline suggests that large holders are not transferring their assets to platforms at the same rate as retail investors. However, it does not prove that they have stopped selling, since the data presented cover observed deposits. The difference between these two investor categories is therefore an indicator to watch.

Darkfost especially highlights the importance of this divergence if the price rises again. Upcoming flows will notably allow observation of whether whales maintain their restraint during a possible rebound. An increase in deposits by these large holders could change the balance between supply and demand. Conversely, still limited inflows would accompany a scenario where selling pressure remains contained.

Maintaining BTC above 80,000 dollars therefore remains crucial to consider a return to 94,000 dollars. A daily close above the 50-day exponential moving average would reinforce this scenario, according to Doctor Profit. However, the divergence between retail and whale flows requires monitoring upcoming movements. If buyers defend the support and demand holds, a rebound could materialize. Otherwise, the market will need to find a new balance before confirming a lasting recovery.