Last Updated on 29/09/2026
- Bitcoin slips below $82,800 on Monday after posting a gain of more than 4% the previous week.
- US-listed spot Bitcoin ETFs attracted $2.39 billion in inflows last week, marking their strongest weekly inflow since October 2025.
- Higher US Treasury yields and expectations of additional Fed tightening may cap Bitcoin’s near-term gains.
Bitcoin (BTC) is trading below $82,800 on Monday after rising more than 4% last week, although the rally has begun to lose momentum near recent highs. Strong institutional demand, fueled by continued inflows into spot Bitcoin Exchange-Traded Funds (ETFs), remains a key source of support. However, elevated US Treasury yields and expectations of additional Federal Reserve (Fed) tightening could limit Bitcoin’s near-term gains.
Strong Institutional Demand Supports Bitcoin
Institutional interest provided significant support for Bitcoin last week. According to SoSoValue data, US-listed spot Bitcoin ETFs posted $2.39 billion in net inflows, marking their strongest weekly inflow since October 2025. Continued or accelerating ETF inflows could provide further support for BTC and help extend its recent advance.
Higher Treasury Yields Weigh on BTC
Simon-Peter Massabni, Head of Business Development at XS.com, told FXStreet that Bitcoin’s pullback from its recent high indicates that bullish momentum is weakening as US Treasury yields remain elevated. Investors are also becoming more cautious ahead of several important US economic reports.
According to Massabni, Bitcoin continues to trade largely as a risk-sensitive asset, making it highly dependent on liquidity conditions. Falling Treasury yields and gains in technology stocks can encourage capital to move back into cryptocurrencies. In contrast, yields above 5% and stronger expectations for additional Fed rate hikes can raise the opportunity cost of holding Bitcoin, potentially encouraging investors to take profits after a sharp rally.
Massabni expects ETF inflows to remain supportive of Bitcoin, although weaker demand could restrict additional gains. BTC’s performance this week could depend heavily on the US JOLTS report, Personal Consumption Expenditures (PCE) data and Nonfarm Payrolls, scheduled for Tuesday, Wednesday and Friday, respectively.
He noted that softer economic data combined with stronger ETF inflows could allow Bitcoin to retest the $87,000–$90,000 area, while persistent inflation and weaker ETF demand could increase downside pressure toward $80,000.
Bitcoin Technical Outlook: Bullish Momentum Moderates
Bitcoin is trading around $82,779 on Monday, showing a modest pullback after gaining more than 4% last week. Despite the decline, BTC maintains a constructive near-term technical structure, remaining above its 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which are positioned around $73,900–$77,300.
The Relative Strength Index (RSI) is near 58, indicating positive but not overbought momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has eased into slightly positive territory, suggesting that upward momentum is moderating rather than clearly reversing.
On the upside, Bitcoin faces initial resistance around $85,000. A sustained break above this level could open the way toward recent highs.
On the downside, the $77,292 area, marked by the 50-day EMA, represents the first major support zone. Additional support comes from the 100-day and 200-day EMAs near $73,915 and $74,245. If the correction deepens, Bitcoin could find stronger support around the previously established levels of $66,500 and $62,300, which form important lower boundaries of the broader uptrend.
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