Bitcoin appears poised for a potential price jump, as the recent decline may represent a correction. Meanwhile, record weekly ETF inflows, Strategy’s $143.66 million acquisition, and recent price action suggest a bullish outlook.
Bitcoin price was down 1.95% on Monday, pushing the world’s largest cryptocurrency near the $82,150 breakout level. The level previously acted as key resistance before BTC broke above it on September 21, 2026, with a large engulfing candle.
Following this price decline, BTC approached the breakout level, indicating a potential retest and raising questions about what could happen if it fails to sustain $82,150.
At press time, BTC price was slightly up by 1% over the past 24 hours and traded at nearly $83,824. Despite the downside move, the asset’s trading volume jumped 47.54% to $38.56 billion, indicating heightened market participation.
This downside move in BTC price comes even as U.S. spot Bitcoin ETFs recorded seven straight days of inflows. In fact, on a weekly basis, the ETFs recorded their largest inflow of $2.39 billion, the highest since October 2025, indicating growing institutional interest in the asset.
Looking at the price action and ETF inflows, a well-followed crypto analyst shared a post on X stating that more than 27,800 BTC, worth $2.30 billion, were accumulated through ETFs this week. The post further noted,
“Demand for ETFs shows no sign of slowing, forcing entities offering these financial products to adjust their reserves.”
In fact, this decline comes despite Michael Saylor’s Strategy purchasing 1,665 BTC worth $142.66 million last week, as per Lookonchain data. However, it is worth noting that Bitcoin price largely moved sideways over the past week, declining around 1.7% during the period.
Amid this sideways momentum and recent price decline, a crypto analyst suggested that the fall in BTC price could be a potential breakout retest. In a post on X, the analyst noted,
“BTC appears to have broken out of a double bottom pattern and is now moving back toward the $82,000 neckline. If this level holds as support, the retest could offer a buying opportunity before the rally resumes toward the pattern’s $100,000 target.”
Now, the question is whether BTC price will proceed sideways and continue its downside momentum, or if this fall is a potential retest before a massive rally.
As per data from the TradingView daily chart, BTC’s short-term bias remains bullish despite the recent price decline. The chart shows that the asset recently broke out of a prolonged consolidation and above the key resistance level at $82,150. Meanwhile, this fall appears to be a potential retest of the breakout.
Based on the current price action, if Bitcoin remains above the $82,150 breakout level, the bullish outlook remains intact. In this scenario, the asset could reach the $90,200 level, which appears to be the next key resistance. On the other hand, this outlook could be invalidated if BTC falls below the $82,150 level.
At press time, BTC traded above the 200-day Exponential Moving Average (EMA), indicating that the broader market sentiment remained bullish. Meanwhile, the Average Directional Index (ADX) reads 42.60, well above the key threshold of 25, suggesting strong trend strength.
Considering these developments, the recent fall may be a potential correction and breakout retest. Record ETF inflows, Strategy’s $142.66 million BTC accumulation, and bullish price action suggest that the asset could be preparing for a broader rally.
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