Bitcoin Bleeds in Uptober—How Low Can It Go? Experts Weigh In
Summary
Bitcoin fell to a weekly low of $80,427 and traded below $83,000, despite October’s reputation for gains. Analysts cautioned that the seasonal trend is no guarantee of a rebound. They identified support around $77,000, with further levels at $74,000 and $72,000, while a sustained defense of $72,000–$77,000 could preserve the broader market structure. Analysts cited weak spot demand and falling U.S. Bitcoin ETF flows as factors weighing on prices: funds saw $484.9 million in outflows Wednesday and another $244 million Thursday. Experts said liquidity, positioning, macro conditions and demand matter more than the calendar.
