Key Takeaways

Bitcoin fell 1.2% to around $85,600 after briefly trading above $87,000.

Sellers have rejected BTC around $87,000 three times since Sept. 23, establishing the level as a key short-term resistance zone.

The total crypto market capitalization slipped to approximately $2.93 trillion, just below resistance around $2.95 trillion.

The Nasdaq 100 closed at a record high, while the S&P 500 remained within 0.5% of its all-time high.

U.S. Treasury yields continued rising, with the 10-year yield reaching 5.32% and the two-year yield climbing to 4.83%.

Bitcoin retreated to around on Tuesday Asian morning after another attempt to break through $87,000 failed, extending a pattern of repeated rejection at the key resistance level.

BTC fell approximately 1.2% after briefly moving above $87,000 on Monday. It marked the third time since Sept. 23 that sellers have prevented Bitcoin from sustaining a move beyond the level.

The repeated rejection comes even as U.S. equities remain close to record highs, highlighting a growing short-term divergence between Bitcoin and traditional risk assets.

Bitcoin Faces $87,000 Resistance for Third Time

Bitcoin has established a series of higher local lows since the beginning of last week, but buyers have yet to generate enough momentum to decisively break $87,000.

FxPro analyst Alex Kuptsikevich said Bitcoin is approaching the apa technical formation created by horizontal resistance and rising support.

The tightening structure could increase volatility once BTC breaks out of the range.

A sustained move above $87,000 would indicate that buyers have absorbed the selling pressure concentrated around the level and could open the way toward Bitcoin's highest prices in roughly eight months.

Until then, $87,000 remains the primary short-term barrier for BTC.ex of$85,60