Bitcoin strikes against 82,000 dollars despite a spectacular rebound

Last week, the crypto market resisted several macroeconomic shocks. After a drop to 75,000 dollars, bitcoin regained ground, reaching nearly 82,000 dollars on Sunday. However, this rebound lost momentum when buyers attempted to cross this zone. Tensions in the Middle East revived caution, while a technical signal confirmed the slowdown of the movement. ETF flows and liquidations provide keys to understanding the correction.

Bitcoin reaches 80,000 dollars after a strong rebound

The market had absorbed the failure of the CLARITY Act, then a rate hike of 25 basis points. Despite this pressure, Bitcoin rebounded from 75,000 dollars. It then exceeded 80,000 dollars on Friday. Market data shows that this recovery recouped a significant part of the losses recorded earlier in the week.

This rise coincided with institutional demand. According to a report from Block, US spot ETFs attracted 433 million dollars on Friday, September 18. Fidelity attracted 310.7 million, compared to 108.4 million for BlackRock. Over the week, ETFs ended with 6.2 million dollars in net inflows.

The move also benefited from short liquidations. The rise forced short sellers to close their positions, reinforcing buying pressure. This dynamic explains the rebound without confirming a lasting trend. The break above 80,000 dollars improves the structure but remains decisive. More than 170 million dollars of short positions were reportedly liquidated during the acceleration on September 18.

Bitcoin: the 82,000 dollar level remains a wall for buyers

After 80,000 dollars, the bitcoin price approached 82,000 dollars. Technical analyses indicate that resistance lies between 81,500 and 82,300 dollars. This area corresponds to the September peak. If this resistance does not turn into support, profit taking may still pressure the rebound.

The price reveals a conflict between buyers and sellers. Buyers want to extend the recovery, while sellers defend an already tested zone. An intraday breakout would not suffice to confirm a new bullish movement. Operators are watching for a close above this zone to determine whether buying pressure can truly establish itself.

83,000 dollars constitutes a further technical stage for bitcoin. Several analyses present it as confirmation after 82,000 dollars. A return below 80,000 dollars would weaken the rebound. The structure thus pits resistance against support.

Bitcoin facing geopolitics and the technical signal

The geopolitical factor has thus added uncertainty. CryptoPotato reports an escalation between Saudi Arabia and the Houthis supported by Iran. Saudi authorities said they intercepted a missile aimed at Riyadh, with no casualties. The US State Department maintains a level 3 warning for Saudi Arabia due to missile and drone risks.

These tensions can weigh on risky assets. The context remains sensitive to energy risks. Reuters also reported withdrawals from US equity funds amid inflation concerns and rising oil prices. This backdrop limits the rebound.

The TD Sequential indicator, as described by Ali Martinez, is a contributing factor. According to CryptoPotato, the indicator shifted from a buy signal near 75,000 to a sell signal around 81,500 dollars. This change occurs near resistance. It does not predict price but signals a possible fatigue.

ETF, liquidations, and 80,000 dollars at the heart of the next move

ETF flows remain significant despite profit taking. On September 18, US spot products recorded 433.03 million inflows, according to SoSoValue data cited by Investing.com. This demand kept the price above 80,000 dollars. It confirms institutional support.

The weekend merits attention. US spot ETFs do not trade during the weekend, while the bitcoin market remains open. The price can therefore evolve without the usual flows. The test of 82,000 dollars thus occurs with less institutional support. This peculiarity makes Saturday and Sunday moves more sensitive to positions already present in the market.

In the short term, 80,000 dollars will indicate the strength of the rebound. Holding above this level would allow buyers to try 82,000, then 83,000 dollars. A break below 80,000 dollars could shift focus to lower supports. The market will have to deal with geopolitics, interest rates, and ETF flows.

The next phase will depend on the market’s ability to hold its gains. As long as 80,000 dollars hold, the recovery remains built, but 82,000 dollars limits its extension. Confirmation would require a durable close. For BTC, the next trades will measure if the rebound can still gain amplitude.