Bitcoin traded at $84,028, slipping 0.4% from $84,000, after a $2.39 billion net inflow into spot ETFs last week. Analysts say the $83,300‑$84,000 zone is a firm support, while the $85,000‑$87,000 range is a looming hurdle.
BitDelta India’s Lead Analyst Purvang Mashru noted the 24‑hour range between $83,975 and $85,043. Meanwhile, Mudrex’s Head of Business Prateek Gupta reported $134.5 million inflow into Bitcoin ETFs in the latest session and that 31,800 BTC were withdrawn from exchanges, hinting at accumulation.
Harish Vatnani of ZebPay said the pullback is a correction after a sharp rally, not a reversal, with $82,000 support intact. Riya Sehgal of Delta Exchange attributed the pullback to elevated Treasury yields, profit‑taking post‑$87,000 rally, and cooling ETF momentum.
With the Fed’s next policy meeting and US CPI release on Tuesday, analysts expect volatility. Vikram Subburaj of Giottus cautioned that a sustained move above $85,000 would signal renewed risk appetite, while a drop below $83,300 would likely trigger a sharper correction.