Bitcoin Price Outlook: Selling Pressure Eases, but Buyers Remain Cautious
Bitcoin is trading near $82,000 as selling pressure eases, but weak demand from spot buyers and Bitcoin ETFs continues to limit recovery. Key price levels and investor activity will shape the market's next move.
Updated
Bitcoin Price Outlook: Can BTC Recover as Selling Pressure Eases?
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Bitcoin is showing signs of stabilization after its recent decline, but a strong recovery has not yet been confirmed. According to Glassnode's market report published on October 19, 2026, Bitcoin was trading near $82,000 after remaining above $80,000 during the week. The report said selling pressure had eased, while fresh buying demand remained weak.
Why Is Bitcoin Struggling to Recover?
One major reason is the lack of strong buying activity. Investors are not purchasing enough Bitcoin in the spot market, while US spot Bitcoin exchange-traded funds (ETFs) have continued to experience withdrawals.
Glassnode reported that ETF outflows had narrowed to approximately $230 million, but trading activity remained weak. This suggests that although investors are selling less aggressively, fresh demand is still insufficient to support a sustained price increase.
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