#BitcoinRejectedAt$87 ,300Twice
#BitcoinRejectedAt$87,300Twice
Double Resistance Barrier: Analyzing Bitcoin’s Repeated Rejection at $87,300
Bitcoin’s consecutive rejections at $87,300 signal an intense supply barrier just below the critical 100-week moving average (~$89,000). This double-top pattern highlights a lack of sustained spot-buying aggression needed to absorb overhead profit-taking and US spot $ETFT.ETF
cost$ bases, causing prices to slide back toward the $84,600 support zone. Macro headwinds further exacerbate the exhaustion: a rising US Dollar Index (DXY reaching 101) and elevated Treasury yields continue to tighten conditions across risk assets. From a tactical standpoint, holding the $83,000–$86,000 long-term holder base remains critical to prevent a deeper mean-reversion retest toward the 50-week simple moving average (~$81,081). A decisive daily candle close above $87,300 is mandatory to reignite momentum toward the $89,000–$90,000 target. $BTC
#BitcoinRejectedAt$87,300Twice
Double Resistance Barrier: Analyzing Bitcoin’s Repeated Rejection at $87,300
Bitcoin’s consecutive rejections at $87,300 signal an intense supply barrier just below the critical 100-week moving average (~$89,000). This double-top pattern highlights a lack of sustained spot-buying aggression needed to absorb overhead profit-taking and US spot $ETFT.ETF
cost$ bases, causing prices to slide back toward the $84,600 support zone. Macro headwinds further exacerbate the exhaustion: a rising US Dollar Index (DXY reaching 101) and elevated Treasury yields continue to tighten conditions across risk assets. From a tactical standpoint, holding the $83,000–$86,000 long-term holder base remains critical to prevent a deeper mean-reversion retest toward the 50-week simple moving average (~$81,081). A decisive daily candle close above $87,300 is mandatory to reignite momentum toward the $89,000–$90,000 target. $BTC
