Crash

Rally

Bitcoin

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights</strong></h3>
<ul>
 <li>Bitcoin (BTC) price tested $81,500 support after rejection near $84,800, raising downside risks.</li>
 <li>U.S. spot Bitcoin ETFs recorded $635.6 million in withdrawals on Oct. 22, reversing three inflow sessions.</li>
 <li>Analysts outlined downside targets near $75,000 and potential recoveries toward $90,500 and $100,000.</li>
</ul>
<p>Bitcoin price hovered near $81,700 on Oct. 23 after another failed attempt to sustain higher levels. CoinMarketCap data placed the asset near the $81,500 support that several chart analysts had identified. Their assessments split between another decline toward $75,000 and a recovery toward $90,500 or higher for the BTC crypto price.</p>
<p>The debate sharpened after U.S. spot Bitcoin exchange-traded funds recorded $635.6 million in net withdrawals Thursday. <a href="https://farside.co.uk/btc/" rel="noopener noreferrer nofollow">Farside Investors</a> showed the reversal followed three consecutive sessions of positive flows. A Bitcoin price recovery required new buying, although daily fund activity could not predict the next move.</p>
<h2 id="h-bitcoin-price-faces-81-500-support-after-rejection" class="wp-block-heading"><strong>Bitcoin Price Faces $81,500 Support After Rejection</strong></h2>
<p><a href="https://x.com/MartiniGuyYT/status/2113184392189509900" rel="noopener noreferrer nofollow">That Martini Guy wrote on X</a> that Bitcoin had faced rejection around $84,800. The analyst placed immediate support at $81,500 and identified $79,500 as a possible next destination. A break below that threshold would weaken the near-term recovery scenario for <a href="https://www.thecoinrepublic.com/2026/08/26/bitcoin-price-prediction-50k-risk-returns-after-81k-rejection/" rel="noopener noreferrer nofollow">BTC </a>outlined in the post.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="679" height="377" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/287bb97be5f4bcba0768d66573a91f1e145fcd5a1881d848ad67abe77505c755-1.png" alt="BTC Price Chart | Source: X">
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   BTC Price Chart | Source: X
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 </figure>
</div>
<p>Alex Marzell offered a broader downside scenario in a separate X assessment. He described the $81,000–$82,000 region as the channel midpoint following a rejection near $88,000. Losing that region could open a move toward the channel’s $75,000 support, he argued.</p>
<p>Bitcoin price therefore faced two distinct downside checkpoints rather than a single definitive crash target. For BTC crypto traders, losing $81,500 could expose $79,500, followed by the deeper $75,000 scenario. Neither level represented a confirmed destination; both reflected conditional interpretations of the chart.</p>
<p>Pierre, another market commentator, also focused on the $79,000–$80,000 region. In his X assessment, a sustained loss of that band could expose moving-average support between $73,000 and $76,000. For the Bitcoin price, he considered a recovery above $84,000 capable of triggering a move toward $89,000–$90,000.</p>
<h2 id="h-bitcoin-etf-withdrawals-reverse-recent-inflows" class="wp-block-heading"><strong>Bitcoin ETF Withdrawals Reverse Recent Inflows</strong></h2>
<p>Farside Investors recorded $635.6 million in net U.S. spot Bitcoin ETF outflows on Oct. 22. BlackRock’s IBIT accounted for $254.1 million, while Fidelity’s FBTC contributed another $217.5 million. ARK 21Shares’ ARKB also registered $109.4 million in net redemptions that session.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="680" height="525" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/8f082e2a4e3a9a92a5bc127d0e094eb132796d05afb5170b9a0306ddf96d0d13-1.png" alt="Bitcoin ETFs Record $635.6M Daily Outflows | Source: X">
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   Bitcoin ETFs Record $635.6M Daily Outflows | Source: X
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 </figure>
</div>
<p>The withdrawals followed inflows of $526.7 million on Monday, $23.2 million on Tuesday, and $524.8 million on Wednesday. Those sessions delivered approximately $1.075 billion before Thursday’s reversal.</p>
<p>Despite the latest withdrawals, the four-session weekly balance remained positive by approximately $439.1 million, based on Farside figures.</p>
<p>Bitcoin price pressure and ETF redemptions coincided, but the figures did not establish direct causation. An ETF outflow measures net investor share redemptions, not a declaration that its sponsor abandoned Bitcoin. BlackRock describes IBIT as a vehicle seeking to reflect Bitcoin’s price through exchange-traded exposure.</p>
<p>The daily reversal also tested institutional demand. BlackRock’s own product information showed that IBIT’s net asset value fell 3.64% on Oct. 22. The price decline and redemptions reflected different activity; investors could not treat them as interchangeable.</p>
<h2 id="h-bitcoin-price-bulls-identify-90-500-and-100-000-targets" class="wp-block-heading"><strong>Bitcoin Price Bulls Identify $90,500 and $100,000 Targets</strong></h2>
<p>CrediBULL Crypto expected Bitcoin price to rebound, according to an X post. The analyst pointed to roughly $90,500 as a previous swing high worth reclaiming. That projection relied on renewed upward momentum rather than a verified breakout.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="680" height="411" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/09e7dd31b45e809f76f66cd97382aa706ad4ee72f4a10f514772bee9c2900a9e-1.png" alt="BTC Price Chart | Source: X">
  <figcaption>
   BTC Price Chart | Source: X
  </figcaption>
 </figure>
</div>
<p><a href="https://x.com/CryptoPatel/status/2113503182504825002" rel="noopener noreferrer nofollow">Crypto Patel</a> outlined a more ambitious target beyond $100,000. The commentator cited $87,300 as a critical resistance barrier and $66,000 as an important prior breakout zone. His Bitcoin price roadmap depended on the broader bullish structure, leaving the six-figure target conditional.</p>
<p>The price of Bitcoin would first have to clear nearby resistance before either upside scenario gained support. That Martini Guy identified $83,500 as an initial recovery threshold, while Pierre watched $84,000. A move through those levels could bring $87,300 into focus before $90,500.</p>
<h2 id="h-btc-crypto-outlook-hinges-on-the-next-confirmed-break" class="wp-block-heading"><strong>BTC Crypto Outlook Hinges on the Next Confirmed Break</strong></h2>
<p>Satoshi Stacker highlighted the ETF reversal and an estimated <a href="https://www.thecoinrepublic.com/2026/10/12/crypto-etfs-lose-1-22b-as-xrp-defies-bitcoin-ethereum-selloff/" rel="noopener noreferrer nofollow">U.S. spot ETF </a>holder cost basis near $81,000. That cost-basis figure came from the analyst’s commentary, not independently verified issuer-level purchase records. That estimate placed Bitcoin price near chart support, making $81,000 a closely watched reference.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="680" height="539" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/e4a18fb38eaf72834446a9d9e368e00ee8135f196a3a65e6493eddee262a349f-1.png" alt="Bitcoin Price Tests Key Range Support | Source: X">
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   Bitcoin Price Tests Key Range Support | Source: X
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 </figure>
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<p>SuperBitcoinBro presented a bullish interpretation of the current range. The analyst described support near the bottom of a prolonged consolidation and favored buying exposure there. However, that view did not establish when a sustained recovery might begin or rule out another decline.</p>
<p>For now, Bitcoin price remains subject to competing technical scenarios. Breaking $79,500 could expose $75,000. Conversely, reclaiming $84,000 could favor higher resistance tests. Neither outcome follows automatically from a single daily price move or an ETF flow report.</p>
<p>This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile, and readers should assess risks independently before making investment decisions.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/10/23/bitcoin-price-at-81k-will-btc-crash-to-75k-or-rally-to-100k/" rel="noopener noreferrer nofollow">Bitcoin Price at $81K: Will BTC Crash to $75K or Rally to $100K?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Bitcoin Price at $81K: Will BTC Crash to $75K or Rally to $100K?

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