Bitcoin price fell 1.2% to $81,730 as weak ETF demand and inflation concerns weighed on BTC. Here's what the charts are saying.

BTC USD rejected $83,009 despite softer oil, firmer equities and collapsing rate hike odds, closing the session up just 0.38%.

Bitcoin has already shown that strong buying can push it sharply higher. The harder part has been keeping the gains. The cryptocurrency is now back near the level where its September rally stalled.