$BTC REJECTED FROM $87.4K ... PULLBACK STARTING?
Bitcoin made a powerful recovery from around $80.1K to $87.4K, but sellers have now stepped in near the local high.
Price is currently around $86.6K, so this looks more like a short-term rejection after a strong pump rather than a confirmed bearish reversal.
$86.1K is the first support to watch. If it fails, $84.5K becomes the next important area.
For bulls, a clean break above $87.4K would signal another attempt higher.
After a 7% daily move, some cooling is completely normal. The next reaction around support will be important.
Trade on $BTC
Bitcoin made a powerful recovery from around $80.1K to $87.4K, but sellers have now stepped in near the local high.
Price is currently around $86.6K, so this looks more like a short-term rejection after a strong pump rather than a confirmed bearish reversal.
$86.1K is the first support to watch. If it fails, $84.5K becomes the next important area.
For bulls, a clean break above $87.4K would signal another attempt higher.
After a 7% daily move, some cooling is completely normal. The next reaction around support will be important.
Trade on $BTC
