Bitcoin Price LIVE: Buyers Absorb Selling as $87,220 Liquidity Target Looms

Bitcoin has begun recovering from the previous monthly midpoint, with footprint readings showing aggressive sellers losing ground to passive buyers.

The earlier TradingView setup placed Bitcoin near $85,461.52, with two key downside reference levels at $84,658.98 and $83,888. The first represented the point of control (POC), where the highest trading volume occurred, while the second marked the lower range support.

However, sustained selling pressure pushed prices below both levels, eventually driving the market toward $80,000. This region coincides with the previous monthly candle’s 0.5 equilibrium, which separates its upper and lower trading ranges. Despite the decline, Bitcoin avoided a sustained breakdown into the broader demand region extending toward $79,200.

Following this support test, BTC’s price recovered to approximately $82,578.68, signaling an early bullish response as buyers absorbed selling pressure. The recovery followed an earlier decline below $85,000 amid rising yields and broader market uncertainty.

Meanwhile, reports of easing geopolitical concerns accompanied the subsequent rebound above $82,000. As buying activity improved, the newer TradingView footprint chart identified another POC between $82,500 and $82,800.

Unlike the original $84,658.98 POC, this lower level reflects concentrated trading activity following the selloff. Consequently, it provides an immediate reference for assessing whether buyers can sustain the developing recovery before challenging higher resistance levels.

Meanwhile, TradingView’s footprint charts reveal weakening selling pressure across successive sessions. On October 7, approximately 20,840 BTC traded, while delta reached negative 2,660 BTC as sellers drove prices lower.

By October 8, volume had increased to approximately 21,680 BTC, yet the negative delta narrowed to 1,090 BTC. Despite continued aggressive selling, BTC prices stabilized near support, suggesting passive limit buyers were absorbing market sell orders.

The developing candle subsequently recorded approximately 3,500 BTC in volume and a positive delta of 233 BTC, indicating improving buying participation. Notably, negative delta reflects stronger selling aggression, while positive readings indicate greater buying aggression.

Together, these readings suggest weakening selling momentum and emerging buyer strength. However, they do not conclusively prove seller exhaustion or identify individual orders.

Furthermore, TradingView estimates directional volume using lower-timeframe price movements. Therefore, the footprint readings support buyer absorption as a technical interpretation rather than a confirmed shift in order execution.

Although bullish initiation is visible, defending the newer $82,500–$82,800 POC remains the recovery’s immediate test. That distinction separates buyers’ immediate stabilization from the higher resistance they have yet to reclaim.

Above it, $83,888 is the next former support level, followed by the original $84,658.98 POC. That older volume concentration represents the critical hurdle between passive buying at support and a stronger recovery.

Sustained acceptance above $84,658.98, alongside expanding positive delta, would strengthen evidence of aggressive buying momentum. However, the chart also places intermediate resistance between $85,500 and $86,600.

Beyond that range, $87,220 remains the untested buy-side liquidity objective, not a confirmed destination. Failure to hold the developing POC would refocus attention on $80,000 and the broader $79,200 demand zone.

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Acceptance above $84,658.98 with a stronger positive delta would support continuation toward the outstanding liquidity target.

However, losing the $82,500–$82,800 developing POC would weaken Bitcoin’s recovery and return focus to lower demand.

Overall, Bitcoin’s recovery from $80,000 signals improving buyer absorption as selling pressure weakens. Hence, reclaiming the $84,658.98 POC with stronger buying momentum would support a move toward the $87,220 liquidity target.