Bitcoin faces $82,900 test as ETF outflows hit $82 million, CoinLab models warn

Bitcoin traded within a tight range over the weekend, as traders weighed ongoing institutional outflows against evidence of strong buy-side support near the $80,000 threshold. Forecasting platform CoinLab assigned a 55% probability that Bitcoin would stay between $80,600 and $82,900 by Saturday’s close, using its AI-powered price models. The analysis placed the 20-day exponential moving average around $82,700, which may act as resistance in the near term. At 1:46 a.m. Eastern Time, Bitcoin changed hands near $81,615 as traditional equity markets, especially technology stocks, experienced renewed weakness. This price action suggested that crypto markets were responding to broader risk sentiment.

Source: CoinTurk News