🚨 $BTC JUST PRINTED AN 8-MONTH HIGH — NOW WATCH $87K
$BTC ripped above $87,000 on Sept. 21, reaching its highest level since January before pulling back toward the mid-$85Ks. The move came alongside strong U.S. spot ETF inflows and a large wave of short covering, with reports putting Friday ETF inflows around $433M and total crypto short liquidations near $919M. (The Wall Street Journal)
The technical structure has changed: Bitcoin reclaimed the 50-week moving average after spending roughly 45 weeks below it, while the current ETF-investor cost basis has been reported around $85,600. That makes the $85K–$86K region an important area to watch if the breakout is going to hold. (The Economic Times)
But here’s the important part: $87K is resistance, not confirmation. A clean acceptance above the recent high would keep momentum intact; rejection followed by a loss of $85K could shift attention toward $82K–$83K, with $78.5K as a deeper structural level. Meanwhile, macro conditions remain mixed, with Treasury yields near 4.9% and markets still watching geopolitical and Fed-rate developments. (Reuters)
🎯 LEVELS TO WATCH
* 🔴 $87,000 — recent high / major resistance
* 🟡 $85,600 — reported ETF investor cost basis
* 🟢 $82,000–$83,000 — key support
* 🔻 $78,500 — deeper support
Breakout or bull trap? Let price prove it. 📊⚡
$BTC ripped above $87,000 on Sept. 21, reaching its highest level since January before pulling back toward the mid-$85Ks. The move came alongside strong U.S. spot ETF inflows and a large wave of short covering, with reports putting Friday ETF inflows around $433M and total crypto short liquidations near $919M. (The Wall Street Journal)
The technical structure has changed: Bitcoin reclaimed the 50-week moving average after spending roughly 45 weeks below it, while the current ETF-investor cost basis has been reported around $85,600. That makes the $85K–$86K region an important area to watch if the breakout is going to hold. (The Economic Times)
But here’s the important part: $87K is resistance, not confirmation. A clean acceptance above the recent high would keep momentum intact; rejection followed by a loss of $85K could shift attention toward $82K–$83K, with $78.5K as a deeper structural level. Meanwhile, macro conditions remain mixed, with Treasury yields near 4.9% and markets still watching geopolitical and Fed-rate developments. (Reuters)
🎯 LEVELS TO WATCH
* 🔴 $87,000 — recent high / major resistance
* 🟡 $85,600 — reported ETF investor cost basis
* 🟢 $82,000–$83,000 — key support
* 🔻 $78,500 — deeper support
Breakout or bull trap? Let price prove it. 📊⚡
