Bitcoin Rally Faces Stall Risk as Analysts Split on BTC
Bitcoin recovered to about $81,000 on October 28, but market-cycle analyst Bob Loukas warned that the BTC rebound could stall unless buying momentum strengthens. He has flagged $79,600 as a level that would make him more cautious; Bitcoin briefly dipped below it before recovering.
Analyst forecasts diverge. Coinbase sees $80,000–$82,000 as a key support zone and says a sustained break could raise the risk of a retest at $73,000–$75,000. Real Vision analyst Jamie Coutts, meanwhile, said a break above $85,000–$86,000 could open a path toward $100,000. Coinbase also highlighted potential selling pressure from roughly 2.1 million BTC last moved at $87,500–$91,700.
Coinbase reported that Bitcoin ETFs attracted about $6.4 billion since August, while corporate treasury purchases totalled $1.5 billion. Traders are watching whether BTC can reclaim $82,000 and then clear resistance, or instead lose support near $79,600. The Federal Reserve’s October 28 decision adds uncertainty for risk assets.
Neutral
The outlook is mixed, so the report does not provide a clear directional signal. Loukas’s warning and Coinbase’s downside scenario highlight the risk of a BTC pullback if buying momentum weakens or support around $80,000 fails. The cited $73,000–$75,000 range gives bears a potential downside target. Conversely, a sustained move above $85,000–$86,000 could improve momentum and put $100,000 in view. ETF inflows offer evidence of institutional demand, but the article also notes possible selling pressure at higher prices and uncertainty linked to the Federal Reserve.
In the short term, traders may watch $79,600–$82,000 for signs of support and $85,000–$86,000 as a breakout test. A decisive break in either direction could prompt momentum-driven trading, while repeated tests without follow-through may increase volatility and false breakouts. Similar market episodes often see traders react strongly to widely watched levels, but those levels alone do not confirm a durable trend.
Over the longer term, continued ETF demand could help support Bitcoin, while persistent rate concerns or a weakening of institutional flows could constrain recovery. The article’s contrasting forecasts underline that price direction depends on whether demand can absorb overhead supply. The impact is therefore best assessed as neutral until BTC establishes a sustained move beyond these key levels.