Last week, the crypto market resisted several macroeconomic shocks. After falling towards $75,000, bitcoin regained ground, reaching $82,000 on Sunday. This rebound, however, lost its strength as buyers attempted to break through this zone. Tensions in the Middle East revived caution, while a technical signal confirmed the slowdown in movement. ETF flows and liquidations provide keys to understanding the correction.
In brief
- Bitcoin rebounded from $75,000 to nearly $82,000 in a matter of days.
- Resistance at $82,000 slowed the progress of buyers.
- Tensions in the Middle East and a technical signal increased market caution.
- ETF flows, short liquidations and $80,000 support remain in focus.
Bitcoin returns to $80,000 after a powerful rebound
The market had absorbed the failure of the CLARITY Act, then a 25 point increase in rates. Despite this pressure, bitcoin rebounded from $75,000. It then surpassed $80,000 on Friday. Market data shows that this rise made it possible to recover a significant part of the losses recorded at the start of the week.
This rise was accompanied by institutional demand. According to a report from Block, US spot ETFs attracted $433 million on Friday, September 18. Fidelity attracted 310.7 million, compared to 108.4 million for BlackRock. For the week, ETFs ended with $6.2 million in net inflows.
The movement also benefited from short liquidations. The rise forced short sellers to close their positions, which increased buying pressure. This dynamic explains the rebound, without confirming a lasting trend. The move above $80,000 improves the structure, but remains decisive. More than $170 million in short positions were reportedly liquidated during the acceleration of September 18.
Bitcoin: $82,000 remains a wall for buyers
After $80,000, the price of bitcoin moved closer to $82,000. Technical analyzes indicate that resistance lies at $81,500 to $82,300. This area corresponds to the September peak. Without transforming this resistance into support, the rebound remains exposed to profit taking.
Price reveals conflict between buyers and sellers. Buyers want to extend the recovery, while sellers defend an already tested area. An intraday breakout would not be enough to confirm a new upward movement. Traders monitor a close above this area to determine if buying pressure can actually take hold.
$83,000 is another technical milestone for bitcoin. Several analyzes present it as a confirmation after $82,000. A return below $80,000 would weaken the rebound. The structure therefore opposes resistance to a support.
Bitcoin facing geopolitics and technical signal
The geopolitical factor therefore added uncertainty. Crypto Potato reports an escalation between Saudi Arabia and the Iran-backed Houthis. Saudi authorities said they intercepted a missile targeting Riyadh, without casualties. The US State Department maintains a Level 3 warning for Saudi Arabia over missile and drone risks.
These tensions can weigh on risky assets. The context remains sensitive to energy risks. Reuters also reported withdrawals from American equity funds in the face of inflationary concerns and the rise in the price of oil. This backdrop limits bounce.
The TD Sequential followed by Ali Martinez constitutes one element. According to CryptoPotato, the indicator moved from a buy signal near 75,000 to a sell signal around $81,500. This change occurs near the resistance. It does not predict the price, but signals a possible running out of steam.
ETFs, liquidations and $80,000 at the heart of the next move
ETF flows remain significant despite profit taking. On September 18, US spot products recorded 433.03 million entries, according to SoSoValue data reported by Investing.com. This demand kept the price above $80,000. It confirms institutional support.
The weekend deserves attention. US spot ETFs do not trade on weekends, while the bitcoin market remains open. The price can therefore evolve without the same traditional flows. The $82,000 test is therefore done with less institutional support. This particularity makes Saturday and Sunday movements more sensitive to positions already present on the market.
In the short term, $80,000 will indicate the strength of the rebound. Holding above would leave buyers attempting $82,000 and then $83,000. A break below $80,000 could bring attention back to lower supports. The market will have to deal with geopolitics, rates and ETF flows.
The next phase will depend on the market’s ability to maintain its gains. As long as $80,000 holds, the recovery remains built, but $82,000 limits its extension. A confirmation would require a lasting closure. For BTC, the next exchanges will measure whether the rebound can further gain momentum.
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