Bitcoin Price Tests $84,000 as ETF Inflows Reverse

Bitcoin price has retreated after failing to hold gains above $87,000, falling about 1.7% in 24 hours to roughly $84,575. The decline follows a pullback from the September high near $87,400 and places Bitcoin near the key $84,012 Fibonacci retracement level. Bitcoin price support is concentrated around $82,000–$83,000, with a key short-term level near $82,362–$82,600. A sustained break below $82,000 could weaken the bullish structure and expose the $80,900–$81,000 area, close to the 20-day moving average. Holding support could allow a rebound towards $85,000–$85,500. A move above the recent $87,220–$87,400 high could open a path towards $88,000–$90,000, although substantial sell orders remain overhead. Technical momentum has weakened. The daily RSI is still positive at 60.69 but has fallen below its moving average. The four-hour Awesome Oscillator has printed a red bar, while the four-hour ADX previously showed a weak trend. Daily Chaikin Money Flow remains slightly positive. CoinGlass liquidation clusters around $83,500, $85,100, $86,000–$86,400 and $87,700 point to potential volatility on both sides of the market. US spot Bitcoin ETF demand has also cooled. Funds recorded about $2.39 billion in net inflows during the September 21–25 trading week, but later posted a combined $51.5 million net outflow from September 28–30 after daily inflows had approached $1 billion on September 21. Higher Treasury yields and volatile oil prices added to macroeconomic pressure. Traders are now focused on whether Bitcoin can defend $84,012 and the lower $82,000 support zone. The outlook remains range-bound unless price breaks key support or resistance.