$BTC is currently trading around $86Kโ€“$86.2K after a strong start to October.

The recent move is being supported by a weaker-than-expected U.S. jobs report, which has reduced expectations of another Fed rate hike.

๐Ÿ“Š Key Levels to Watch โ€ข Resistance: $87.2Kโ€“$87.57K โ€ข A clean breakout and hold above this zone could open the way toward $90K. โ€ข BTC is also showing a potential bullish setup as the 50/100/200-day moving averages move closer to a full bullish alignment.

Institutional demand remains supportive, while Octoberโ€™s historical strength gives BTC another interesting catalyst.

๐Ÿ”ฅ Next major catalyst: FOMC Minutes on Wednesday.

My view: If BTC breaks and holds above $87.2K, the next target Iโ€™m watching is around $90K. But another rejection from this resistance could bring a short-term pullback.

What do you think? ๐Ÿ‘‡

Will BTC break $87.2K this week and target $90K, or face another rejection?

#bitcoin oin #BTC C #Crypto #BinanceSquareFamily eSquare #BTCUSDT. SDT #Uptober

Not financial advice. DYOR.