BTCUSD Rebounds Past $83K as Risk Appetite Returns Despite Choppy ETF Flows

BTCUSD gained more than $ 3,000 as demand for riskier assets increased.  It hit an intraday high of $ 84,068 and is currently trading near $ 83,229.

U.S. spot Bitcoin ETFs saw erratic flows over the five-day trading week from October 5 to October 9, 2026, totaling between $679 million and $681 million in net outflows, ending a three-week stretch of positive inflows. Starting on Monday, October 5, the period showed a net outflow of $89.9 million; then, there was a brief recovery with $118.8 million in net inflows on Tuesday, October 6. But a lot of institutional selling in the middle of the week caused big withdrawals of $487.1 million on Wednesday, October 7, and another $244.1 million on Thursday, October 8. Though insufficient to balance the significant mid-week losses, the week ended with a little rebound and brought in $21.1 million of net inflows on Friday, October 9.

 Major support- $80000/$74800/$73000/$69000/$67000. The pair is facing strong resistance around $85000 . Any break targets $86500/$90438/$92500/$95000. 

It is good to buy on dips at $ 80,000 with an SL around $74500 for a TP of $90000.