Bitcoin rebounds to $83,800 despite ETF outflows

Going forward, US inflation data, Federal Reserve policy expectations and institutional inflows will be key to determining Bitcoin’s next directional move.

• Bitcoin hovers near $83,800 amid market selling pressure.
• US spot Bitcoin ETFs saw $65.4 million in net outflows.
• Experts advise staggered buying and careful risk management.

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Bitcoin fell to a low of $83,0977 in early trade on October 14, but recovered marginally, hovering near $83,800 (10:02 IST), up 0.54 percent over the past 24 hours, though it's down 0.33 percent in a week amid heightened selling pressure in the market, while higher real yields and a stronger dollar are weighing on investor appetite for risk assets such as BTC.

According to Nischal Shetty, Founder of WazirX, regional strength and limited US volatility support crypto participation, although higher energy prices may keep broader buying selective during the current trading session.

He estimates Bitcoin is supported by strong moving averages and a neutral RSI. Support sits at $83,000 to $83,250, while $83,700 to $83,900 forms resistance. Holding support could preserve momentum. "BTC Futures traders should treat a breakout as stronger if rising volume and open interest accompany a balanced funding profile."