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<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoin-trades-near-64500-as-analysts-target-68200-resistance/" rel="noopener noreferrer nofollow">Bitcoin</a> recovered to near $81,000 on Wednesday, October 28, after briefly dipping below key support levels, but market-cycle analyst Bob Loukas cautioned that current price strength may be short-lived unless buying momentum significantly improves.</p>
<h2 id="analysts-focus-on-market-cycle-and-support-zones">Analysts focus on market cycle and support zones</h2>
<p style="text-align: justify">Bob Loukas, known for his market-cycle research, commented on X that both Bitcoin and stocks have demonstrated resilience despite widespread negative sentiment. However, he indicated that this resilience could be tested if buyers do not step in soon.</p>
<p style="text-align: justify">On October 21, Loukas argued that Bitcoin could be entering a new market cycle, suggesting the possibility of higher prices well into late November or early December. Despite this, he stressed that the setup alone is not enough to guarantee a significant rally. He highlighted $79,600 as a threshold, stating that dips below this level would make him more cautious.</p>
<p style="text-align: justify">Bitcoin fell below $79,600 during October 27 trading, touching around $79,500 before rebounding to close near $80,900. This intraday volatility has increased uncertainty over whether the bullish market cycle will continue without interruption.</p>
<blockquote>
 <p>Loukas indicated that the rapid rebound after briefly falling below $79,600 does not automatically signal a breakdown, yet called for more evidence of sustained buying to confirm further upside.</p>
</blockquote>
<p style="text-align: justify">Recent price action follows a short-lived selloff beneath $80,000, reigniting doubts about whether buyers can reliably defend Bitcoin’s former support zone. Bitfinex, a global cryptocurrency exchange, recently identified technical structural support between $77,000 and $80,000.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Bitfinex is a major digital asset exchange providing spot and derivatives trading services to users worldwide.</p>
<h2 id="institutional-forecasts-diverge-on-next-direction">Institutional forecasts diverge on next direction</h2>
<p style="text-align: justify">Coinbase, the leading US-based cryptocurrency exchange, outlined in an October 23 institutional report that the $80,000–$82,000 region is a significant support zone. This is the area where many spot Bitcoin ETF holders have an average purchase price.</p>
<p style="text-align: justify">If Bitcoin falls below this critical region, Coinbase expects a higher probability of price testing the $73,000–$75,000 range. Coinbase further noted that approximately 2.1 million BTC recently moved between $87,500 and $91,700, which could present additional selling pressure if prices return to those levels.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Support/Resistance Level</th>
   <th>Source/Analyst</th>
   <th>Implication</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$77,000–$80,000</td>
   <td>Bitfinex</td>
   <td>Technical structural support</td>
  </tr>
  <tr>
   <td>$80,000–$82,000</td>
   <td>Coinbase</td>
   <td>Key ETF holder support</td>
  </tr>
  <tr>
   <td>$79,600</td>
   <td>Bob Loukas</td>
   <td>Defensive threshold</td>
  </tr>
  <tr>
   <td>$85,000–$86,000</td>
   <td>Jamie Coutts/Real Vision</td>
   <td>Momentum breakout point</td>
  </tr>
  <tr>
   <td>$87,500–$91,700</td>
   <td>Coinbase</td>
   <td>Potential selling pressure</td>
  </tr>
  <tr>
   <td>$73,000–$75,000</td>
   <td>Coinbase</td>
   <td>Downside test if support fails</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">Contrasting Coinbase’s caution, Jamie Coutts, an analyst at Real Vision, predicted that if Bitcoin can clear the $85,000–$86,000 area, momentum could carry the price toward $100,000. This outlook matches previous recovery expectations outlined by Coinpaper, especially regarding a potential breakout near $90,000. However, moving toward six figures would still require overcoming the considerable supply concentration at higher price levels.</p>
<blockquote>
 <p>If Bitcoin can close above $85,000, analysts like Coutts believe the stage could be set for a rapid move to $100,000, barring resistance from significant past sellers.</p>
</blockquote>
<h2 id="etf-flows-and-federal-reserve-decisions-shape-outlook">ETF flows and Federal Reserve decisions shape outlook</h2>
<p style="text-align: justify">Recent shifts in institutional capital may also be affecting Bitcoin’s price stability. Coinbase reported that since August, Bitcoin ETFs have brought in roughly $6.4 billion in inflows, while corporate treasuries added just $1.5 billion. Earlier in the year, the dynamic was reversed: corporate purchases dominated with $14.5 billion, while ETF products faced nearly $5 billion in withdrawals.</p>
<p style="text-align: justify">The increasing reliance on ETF demand has placed additional focus on the support areas defended by these large institutional investors.</p>
<p style="text-align: justify">For bullish investors, reclaiming $82,000 would bolster short-term prospects, with $85,000–$86,000 remaining a major barrier. Traders bearish on the outlook see a decisive move below $79,600 as opening the path to $77,000, and potentially to Coinbase’s projected $73,000–$75,000 range.</p>
<p style="text-align: justify">Adding to the sense of unpredictability is the Federal Reserve’s policy decision on October 28, as higher interest rates typically dampen risk appetite throughout financial markets, including for cryptocurrencies.</p>
<p style="text-align: justify">Longer-term projections remain optimistic, with Citi maintaining a $113,000 target for Bitcoin, significantly above current market prices.</p>
<p>The post <a href="https://en.coin-turk.com/analysts-warn-bitcoin-risks-drop-to-73000-if-etf-support-fails/" rel="noopener noreferrer nofollow">Analysts warn Bitcoin risks drop to $73,000 if ETF support fails</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Analysts warn Bitcoin risks drop to $73,000 if ETF support fails

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