Why did Bitcoin’s latest rally stop near $84,000?

Bitcoin price has rebounded toward $84,000 on October 13 despite a steep selloff in South Korean equities, but weak ETF demand and heavy selling orders near resistance have prevented buyers from pushing higher. According to TradingView data, Bitcoin (BTC) was trading near $83,395 at the time of writing, after recovering from a decline toward $81,000 earlier in the session. The cryptocurrency briefly approached $84,000 before giving back some gains, leaving it within its recent trading range of approximately $80,000 to $87,000. The recovery came as South Korea’s stock market suffered another difficult session, led by heavy losses in semiconductor companies.

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