Bitfinex Eyes $84,400 Bitcoin Target Supported by Returning ETF Demand

TL;DR Price Outlook: Bitfinex expects Bitcoin to trade between $81,300 and $84,400 ahead of the 28 October FOMC decision, with profit-taking potentially limiting upside near resistance . ETF Demand: Net ETF inflows totaled $526.7 million on 19 October, followed by another $23.2 million session, reinforcing the importance of institutional buying for a potential breakout above $84,000. Market Structure: Rising futures open interest, stable CME participation, stronger on-chain support clusters, and healthy profitability metrics continue to support a constructive near-term market outlook. Bitcoin continued to hold key support levels despite several attempts to push prices lower, according to the latest market outlook from Bitfinex . Analysts expect the asset to remain within a range of $81,300 to $84,400 ahead of the Federal Open Market Committee meeting scheduled for 28 October.

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