{"id":33214,"date":"2026-10-09T10:13:26","date_gmt":"2026-10-09T09:13:26","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/10\/09\/bitcoin-correction-profit-taking-80700-support\/"},"modified":"2026-10-09T10:13:32","modified_gmt":"2026-10-09T09:13:32","slug":"bitcoin-correction-profit-taking-80700-support","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-correction-profit-taking-80700-support\/","title":{"rendered":"Bitcoin Under Pressure After $1.03 Billion in Profit-Taking: Can Bulls Hold the $80,700 Line?"},"content":{"rendered":"\n

Bitcoin<\/strong> is going through a brutal correction<\/strong> following a massive wave of profit-taking<\/strong> estimated at $1.03 billion<\/strong>. The price hit a local low of $80,393<\/strong> before staging a modest recovery to $82,542<\/strong>. The $80,700<\/strong> zone has now emerged as the decisive technical key level<\/strong> for bulls.<\/p>\n\n\n\n

Massive Profit-Taking and Liquidations: The Anatomy of a Selloff<\/h2>\n\n\n\n

The current selling pressure is far from an ordinary market move. A combined total of $1.03 billion in realized profits<\/strong>, alongside cascading long liquidations<\/strong>, triggered a violent sell-off<\/strong>. On top of that, record outflows from Bitcoin ETFs<\/a><\/strong> have amplified the downside pressure by draining institutional liquidity<\/strong> from the market.<\/p>\n\n\n\n

This bearish<\/strong> cocktail pushed BTC<\/strong> to a local low of $80,393<\/strong>, a level that had not been tested in several weeks. The retracement<\/strong> from recent highs highlights the fragility of bullish momentum<\/strong> when large holders decide to lock in their gains. The price is now trading at $82,542<\/strong>, sitting in a critical transition zone<\/strong> between recovery and capitulation.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

Technical Analysis: Key Supports, Resistances, and Indicators<\/h2>\n\n\n\n

From a technical standpoint, the $80,700<\/strong> zone represents the immediate support<\/strong> level to watch. Holding above this level is essential to prevent a bearish acceleration<\/strong> toward deeper zones. Should it break down, the next support<\/strong> levels sit around $78,000<\/strong>, followed by $75,000<\/strong> \u2014 levels that previously served as a base during earlier consolidation<\/strong> phases.<\/p>\n\n\n\n

On the resistance<\/strong> side, BTC<\/strong> needs to reclaim the $84,000 \u2013 $85,000<\/strong> range before any more ambitious targets come into play. The RSI<\/a><\/strong> is currently in oversold territory<\/strong> on shorter timeframes, which could support a technical bounce<\/strong> in the near term. However, the MACD<\/strong> remains in a bearish<\/strong> configuration, with a negative crossover<\/strong> signaling that selling pressure has not yet been exhausted.<\/p>\n\n\n\n

Bullish vs. Bearish Scenarios: Where Is Bitcoin Headed?<\/h2>\n\n\n\n

Bullish scenario:<\/strong> If bulls manage to defend the $80,700 support<\/strong> and buying volume<\/strong> picks back up, a short-term rally<\/strong> toward $85,000 \u2013 $87,000<\/strong> remains a realistic outcome. A breakout<\/strong> above that resistance zone<\/strong> would open the door to a structured continuation<\/strong> of the bull run<\/a><\/strong>, with $90,000<\/strong> as the next intermediate target.<\/p>\n\n\n\n

Bearish scenario:<\/strong> A daily close<\/strong> below $80,393<\/strong> would invalidate the current support<\/strong> and expose BTC<\/strong> to a deeper correction<\/strong>. In that case, the $78,000<\/strong> and then $75,000<\/strong> zones would become the next bearish targets<\/strong>. Persistent ETF outflows<\/strong> and fresh rounds of profit-taking<\/strong> could continue to fuel this negative scenario.<\/p>\n\n\n\n

Market Verdict: $80,700 Is the Level That Changes Everything<\/h2>\n\n\n\n

Bitcoin<\/strong> is standing at a major technical crossroads<\/strong>. The ability of buyers to absorb selling pressure around $80,700<\/strong> will determine the direction of the next trading sessions. An oversold RSI<\/strong> offers a window for a bounce<\/strong>, but the bearish MACD<\/strong> and ongoing ETF outflows<\/strong> keep the dominant bias firmly to the downside<\/strong>.<\/p>\n\n\n\n

In the short term, the market is waiting for a clear signal<\/strong>: either a resurgence in buying volume<\/strong> that confirms the support<\/strong> is holding, or a breakdown<\/strong> that would open the door to a retracement<\/strong> toward $75,000<\/strong>. The next 48 hours will be decisive in determining whether this sell-off<\/strong> is nothing more than a pause within the broader bull run<\/strong>, or the beginning of a more prolonged corrective phase<\/strong>.<\/p>\n\n\n\n

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