bullish

Bitcoin ETF

Bitcoin

<p>Two weeks ago, <a href="https://www.cointribune.com/en/bitcoin-remains-solid-despite-volatility-will-the-80000-dollars-be-tested/" rel="noopener noreferrer nofollow">I warned that Bitcoin was approaching the $87,000 area</a>, but that there was a high probability of a correction toward $80,000 before another attempt to break through higher resistance levels. For that reason, after the previous bullish move, I decided to position myself in the opposite direction, opening a short position around $86,000 with a clear target at $80,000. The market went on to make precisely that move. Bitcoin corrected to $80,000, approaching the 50-day exponential moving average (EMA 50), an important technical area within the current structure. Once my target was reached, I closed the entire short position, secured the profits, and used that same price level to increase my spot Bitcoin holding.</p>
<div class="tradingview-widget-container tradingview--single-ticker">
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow"><span>BTCUSDT chart</span></a> by TradingView
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<h2 id="h-what-can-we-expect-from-bitcoin-now">What Can We Expect From Bitcoin Now?</h2>
<p>My main scenario remains bullish. Despite the recent correction, Bitcoin continues to show an upward trend structure on the daily timeframe, as the chart illustrates.</p>
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<p>I consider it quite possible that Bitcoin will make another attempt to break through resistance between $87,000 and $88,000.</p>
<p>If Bitcoin manages to break that zone and consolidate above it, the next target I am watching is the $92,000–$94,000 area.</p>
<p>The key will be how price behaves when it returns to $86,000–$89,000. This time, I expect to see accumulation and buying demand rather than distribution, allowing a former resistance area to turn into support.</p>
<figure class="wp-block-image size-large"><img width="1024" height="648" src="https://www.cointribune.com/app/uploads/2026/10/Captura-de-pantalla-2026-10-12-a-las-20.25.20-1-1024x648.png" alt="">
 <figcaption><em>BTC/USD daily chart (TradingView, supplied chart).</em>
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<p>Bitcoin ETF flows are another factor worth monitoring. Although late September included several sessions of positive inflows, October has also brought significant outflows.</p>
<p>On 7 and 8 October in particular, net outflows were approximately $484.9 million and $244.1 million, respectively.</p>
<p>These moves show that institutional demand has not been consistent and that some selling pressure remains. However, I believe it is important to assess these figures alongside Bitcoin’s technical price structure rather than treating two negative sessions as automatic confirmation of a trend reversal.</p>
<figure class="wp-block-image size-large"><img width="1024" height="666" src="https://www.cointribune.com/app/uploads/2026/10/Captura-de-pantalla-2026-10-12-a-las-20.26.09-1024x666.png" alt="">
 <figcaption><em>Bitcoin ETF flows (US$ millions; supplied data).</em>
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<h2 id="conclusion">Conclusion</h2>
<p>The correction toward $80,000 that I anticipated has now taken place. I used the move both to close my bearish trade and to increase my exposure to Bitcoin.</p>
<p>My focus now turns to $87,000–$88,000. A breakout supported by demand, followed by consolidation above that area, would strengthen my bullish continuation scenario toward $92,000–$94,000.</p>
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<p>For now, I continue to view this decline as a correction within an uptrend, not the beginning of a new bear market.</p>

Bitcoin Completes the Anticipated Correction to $80,000 – Is $94,000 the Next Target?

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