Bitcoin Liquidations Reveal Next Price Target

Oct 23, 2026

Bitcoin is holding key support for now but is showing little strength, and a cluster of liquidations just below the current price makes a small further dip likely before any real bounce.

  • Bitcoin and the Nasdaq are both testing major support zones and holding, for now, but neither is showing strong bullish momentum.
  • Bitcoin ETFs saw a huge one-day outflow on Thursday (over $600 million), reversing most of the week's earlier inflows, meaning big asset managers had to sell real Bitcoin to cash out investors.
  • A large cluster of liquidity has built up just below Bitcoin's price, making a short dip toward that zone likely in the coming days before support holds again.
  • Ethereum, XRP, Solana, and Chainlink are all testing similar support levels and are expected to stay range-bound, still cooling off from recent highs.
  • Bitcoin's dominance is struggling at resistance, which is mildly positive for altcoins, though not enough yet to call an altcoin season.

Outlook: Expect choppy, sideways trading for the rest of the week, with a small dip toward the nearby liquidity zone likely before Bitcoin stabilizes again.

## Bitcoin Levels

  • **Bias:** Neutral to slightly bearish short-term, pointing to a small dip before stabilization
  • **Buy / accumulate:** $80,000–$82,000 zone (key support, multiple bounces)
  • **Support:** $80,000–$82,000; weekly/longer-term base intact
  • **Targets:** $80,500–$80,600 (liquidation cluster likely to get tapped)
  • **Invalidation:** A confirmed break below $80,000 would signal deeper breakdown risk

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