Bitcoin Rejected at $87K Again, Bulls Still Can’t Break Through 👀
Bitcoin has now failed to reclaim the $87,000 level for the third time since September 23, with sellers aggressively defending the zone.
🔹 BTC was rejected near $87K, a key resistance level.
🔹 The total crypto market cap slipped back to around $2.93 trillion.
🔹 Meanwhile, traditional markets remain strong, with the Nasdaq 100 closing at a record high and the S&P 500 sitting less than 0.5% below its all time high.
🔹 U.S. Treasury yields continue climbing, with the 10 year yield reaching 5.32%, near levels not seen since 2002.
Actually…$BTC is currently squeezing into a triangle pattern:
• Rising support line = buyers becoming more aggressive
• Flat resistance near $87K = sellers holding the line
The closer price gets to the triangle’s apex, the more likely a sharp move becomes.
A clean breakout above $87K could open the door to a volatility expansion, while another rejection may trigger short term profit taking.
So…. Do you think Bitcoin breaks above $87K this week, or do bears defend the level again? Feel free to share your thoughts…
#cryptofirst21
$ORCA
Bitcoin has now failed to reclaim the $87,000 level for the third time since September 23, with sellers aggressively defending the zone.
🔹 BTC was rejected near $87K, a key resistance level.
🔹 The total crypto market cap slipped back to around $2.93 trillion.
🔹 Meanwhile, traditional markets remain strong, with the Nasdaq 100 closing at a record high and the S&P 500 sitting less than 0.5% below its all time high.
🔹 U.S. Treasury yields continue climbing, with the 10 year yield reaching 5.32%, near levels not seen since 2002.
Actually…$BTC is currently squeezing into a triangle pattern:
• Rising support line = buyers becoming more aggressive
• Flat resistance near $87K = sellers holding the line
The closer price gets to the triangle’s apex, the more likely a sharp move becomes.
A clean breakout above $87K could open the door to a volatility expansion, while another rejection may trigger short term profit taking.
So…. Do you think Bitcoin breaks above $87K this week, or do bears defend the level again? Feel free to share your thoughts…
#cryptofirst21
$ORCA
