Bitcoin is nearing $87,000… Is it gearing up for another move?
Bitcoin has moved strongly in recent days, briefly reaching around $87,000 before pulling back slightly and trading near the $86,000 level.
Attention is currently focused on U.S. economic data, especially after weaker-than-expected jobs data lowered expectations of a U.S. interest rate hike in October.
At the same time, technical indicators point to an improvement in Bitcoin’s price structure, while traders watch to see whether BTC can continue rising or enter a new consolidation phase. �
The big question: Can Bitcoin break above $87,000 and hold there?
What do you think?
A rally, or a correction before the next move?
#Bitcoin #BTC #Crypto #Cryptocurrency #Binance #BinanceSquare #BitcoinNews #CryptoNews #Blockchain #BTCUSD $BTC
Bitcoin has moved strongly in recent days, briefly reaching around $87,000 before pulling back slightly and trading near the $86,000 level.
Attention is currently focused on U.S. economic data, especially after weaker-than-expected jobs data lowered expectations of a U.S. interest rate hike in October.
At the same time, technical indicators point to an improvement in Bitcoin’s price structure, while traders watch to see whether BTC can continue rising or enter a new consolidation phase. �
The big question: Can Bitcoin break above $87,000 and hold there?
What do you think?
A rally, or a correction before the next move?
#Bitcoin #BTC #Crypto #Cryptocurrency #Binance #BinanceSquare #BitcoinNews #CryptoNews #Blockchain #BTCUSD $BTC
