{"id":31521,"date":"2026-10-29T19:08:11","date_gmt":"2026-10-29T19:08:11","guid":{"rendered":"https:\/\/moneyinsiderzone.com\/?p=31521"},"modified":"2026-10-29T19:08:11","modified_gmt":"2026-10-29T19:08:11","slug":"bitcoin-dips-below-80k-as-etf-inflows-return-but-oil-and-geopolitical-risks-weigh","status":"publish","type":"post","link":"https:\/\/moneyinsiderzone.com\/?p=31521","title":{"rendered":"Bitcoin dips below $80k as ETF inflows return, but oil and geopolitical risks weigh"},"content":{"rendered":"
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Bitcoin BTC dipped below $80,000 on Tuesday, but renewed demand for spot exchange-traded funds offered a potential source of support after three weeks of price declines.<\/p>\n

Spot Bitcoin ETFs recorded $301.2 million in net inflows last week, according to SoSoValue data. The positive weekly result ended a two-week streak of outflows.<\/p>\n

This was followed by another $110 million in net inflows<\/a> on Monday. The improvement came despite BTC falling 2.7% over the past seven days. <\/p>\n

Bitcoin has corrected for three consecutive weeks since early October, showing that renewed fund demand has yet to reverse the broader pullback.<\/p>\n

If inflows continue and strengthen, they could help cushion selling pressure. ETF flows alone, however, do not guarantee a price recovery.<\/p>\n

Oil prices and Middle East tensions keep traders cautious<\/h2>\n

Macroeconomic and geopolitical developments remain obstacles for Bitcoin as investors assess the potential impact of higher energy costs on inflation.<\/p>\n

West Texas Intermediate crude reached $103.28 per barrel on Friday, its highest level since September 15, amid concerns about supply disruptions and tensions involving Iran.<\/p>\n

On Sunday, the Iran-backed Houthis in Yemen said they would continue attacks on Saudi Arabia\u2019s King Khalid Airport in Riyadh. Stalled negotiations between the United States and Iran have also contributed to uncertainty.<\/p>\n

Sustained increases in energy prices<\/a> could add to inflation concerns and dampen demand for risk assets, potentially limiting Bitcoin\u2019s upside even as ETF flows improve.<\/p>\n

Bitcoin dropped below $80,000 with weekly indicators showing that bullish momentum has weakened.<\/p>\n

The weekly Relative Strength Index stands near 54 and is moving toward the neutral 50 level. The reading remains above neutral but points to fading buying strength.<\/p>\n

The weekly Moving Average Convergence Divergence histogram is still positive, although its bars are weakening. <\/p>\n

That suggests broader upward momentum has not disappeared, but it is losing strength during the correction.<\/p>\n

On the downside, the weekly chart shows a Fibonacci retracement level near $78,661, followed by the 50-week Simple Moving Average around $75,817.<\/p>\n

If Bitcoin recovers, resistance appears near $87,823, followed by the 100-week SMA at approximately $89,386.<\/p>\n

Analysts are not optimistic about Bitcoin’s return to $100,000 before the end of the year. <\/p>\n

In an email to Invezz<\/em><\/strong>, Nick Forster, founder and CEO of Derive.xyz, stated that \u201cthe probability of Bitcoin exceeding $90K by Christmas has also dropped, from 35% to 21%. Meanwhile, the implied chance of Bitcoin falling below $70K has increased from 11% to 17%, a rise of more than 50%.”<\/p>\n

All eyes are now on Wednesday’s Federal Reserve decision. <\/p>\n

Fed funds futures were pricing approximately a 90% probability of rates being left unchanged on October 28, with a December rate hike priced at around 76%.<\/p>\n

Bitcoin\u2019s daily chart shows resistance near $80,816<\/h2>\n

Bitcoin\u2019s daily chart presents a mixed picture. The price remains above its 100-day EMA at $77,691 and its 200-day EMA at $76,306, but below the 50-day EMA at $80,816.<\/p>\n

That places BTC between near-term resistance and longer-term support. The daily RSI at 40 points to weak momentum, while the MACD remains below zero.<\/p>\n

<\/figure>\n

A sustained move above the 50-day EMA would be an initial sign of improvement. The next major barrier lies around $85,000, where previous selling activity could re-emerge.<\/p>\n

If the decline resumes, the 100-day EMA at $77,691 and the 200-day EMA at $76,306 are the next daily support levels. <\/p>\n

A daily close below those averages would weaken the technical structure and increase the risk of a deeper correction.<\/p>\n

The post Bitcoin dips below $80k as ETF inflows return, but oil and geopolitical risks weigh<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin BTC dipped below $80,000 on Tuesday, but renewed demand for spot exchange-traded funds offered a potential source of support after three weeks of price declines. Spot Bitcoin ETFs recorded $301.2 million in net inflows last week, according to SoSoValue data. The positive weekly result ended a two-week streak of outflows. This was followed by […]<\/p>\n","protected":false},"author":1,"featured_media":31522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31521"}],"version-history":[{"count":0,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/media\/31522"}],"wp:attachment":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}