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Bitcoin Dips to $83,428 Amid Rising Crude, Strong Dollar, and Cooling ETF Flows
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Moneycontrol•28-09-2026, 09:25
Bitcoin Dips to $83,428 Amid Rising Crude, Strong Dollar, and Cooling ETF Flows
- •Bitcoin fell 1.22% to $83,428, though it's up 2.70% over the week, as uncertainty from the US-Iran conflict persists.
- •Inflation pressures increased with Brent crude above $106 and the Dollar Index rising, while markets price in a 68% chance of an October Fed rate hike.
- •Profit-taking after BTC's recent surge above $87,000 and cooling ETF inflows contributed to the downward pressure.
- •Experts note that Bitcoin's current consolidation suggests investors are not aggressively unwinding positions despite geopolitical uncertainty.
- •Immediate support for Bitcoin is around $83,300-$83,500, with resistance at $84,000-$84,100; a breakdown could shift focus to the $81,100-$81,600 zone.
Key Questions Answered
Bitcoin fell 1.22 percent to around $83,428 amid ongoing uncertainty surrounding the US-Iran conflict, higher crude prices pushing Brent above $106, an elevated Dollar Index, and cooling exchange-traded fund (ETF) flows.
According to WazirX Founder Nischal Shetty, Bitcoin's immediate support lies around $83,300 to $83,500, while resistance is formed between $84,000 and $84,100.
Financial markets are currently pricing in a 68 percent probability of an October Federal Reserve rate hike as inflation pressures and Treasury yields remain elevated.
