Charles Schwab Analysts Reiterate Bullish Long-Term Bitcoin Outlook Amid Short-Term Pullback

Charles Schwab analysts affirm that Bitcoin retains strong long-term momentum and fundamentals despite recent price pullbacks and mixed daily ETF activity. The token briefly slipped below $80,000 before recovering, down 25% year-over-year. Cumulative net inflows into U.S. spot Bitcoin ETFs reached $56.949 billion through October 16, following recent daily net outflows of $261.4 million on October 14 and $82.4 million on October 16, separated by a $5.1 million inflow on October 15. The supportive outlook coincides with Schwab launching direct retail crypto trading on its platform.