Bitcoin Price Eyes $87K Rebound as ETF Outflows Top $1 Billion

Key Insights Bitcoin price recovered toward $83,500 after last week’s decline. Bitcoin and Ether ETFs recorded over $1 billion in October outflows. Analysts identified $85,500 resistance before a possible advance toward $87,000. Bitcoin price entered Monday’s trading near a contested resistance zone after recovering from last week’s decline. CoinGecko recorded Sunday’s closing price at $83,691, following a slide toward $81,000. The rebound came despite continued withdrawals from U.S. spot cryptocurrency exchange-traded funds. The recovery placed short-term buyers against a weaker institutional demand picture.