Bitcoin Near $83,000 as Altcoins Underperform and ETF Outflows Rise

Bitcoin (CRYPTO: BTC) continues to outperform altcoins like Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), which have dropped between 2% and 5% over the past 24 hours. 5%. S. spot Bitcoin ETFs recorded $679 million in weekly outflows, their largest since late June, while Ethereum ETFs shed $542 million.

D) may continue climbing as monetary policy moves toward a more restrictive stance. It could eventually revisit its 2025 highs before a sustained decline. D to rise indefinitely. S.

dollar as major headwinds for altcoins, suggesting that capital could increasingly favor Bitcoin. D towards the low-50% or even upper-40% range. Cowen expects altcoins to continue losing ground against Bitcoin until monetary conditions become more accommodative, potentially a year or two away. Will Support Hold Before The Next Rally?

Heavily followed analyst Kevin warned that Bitcoin faces a deeper correction ahead of CPI data, with $77,000 to $83,000 as critical support. Holding this range could trigger a rally toward $93,000 to $100,000, while a breakdown risks a decline to $67,000 to $76,000. He favors a pullback to establish a bullish higher low before a more sustainable rally in late 2026 or 2027, with altcoins potentially facing steeper losses. What’s Next?

64% or BTC’s repeated failure to hold $82,500 would strengthen the bearish outlook. Wednesday’s CPI report could reveal whether higher energy costs are fueling broader inflation, potentially strengthening expectations for further Fed rate hikes. The research firm remains constructive on Bitcoin’s longer-term outlook but cautioned against chasing altcoin rallies until liquidity conditions improve. Image: Shutterstock Read Also: Can the Midterms Trigger a Bitcoin Rally?

3 Factors Suggest Yes