$BTC
BITCOIN SURPASSES US$84,000 AND SETS ITS SIGHTS ON US$87,000.
BTC has risen for four consecutive days, surpassing US$84,000 and reaching a high of US$84,150 on October 12.
The rally puts a resistance zone back on the radar—a level that could determine its next move.
Some of this recovery is due to a more favorable macroeconomic backdrop.
Falling yields on 30-year US Treasury bonds and WTI crude oil dropping below US$90 eased concerns about further Federal Reserve rate hikes.
According to probabilities tracked by CME FedWatch, the market sees more than an 80% chance that the Fed will leave rates unchanged in October.
Technically, US$87,000 is the main immediate resistance—a zone where BTC encountered selling pressure in September and October.
A breakout accompanied by higher spot-buying volume could trigger short liquidations and pave the way for a move toward US$90,000.
For now, BTC remains approximately 3.5% below that first resistance, as the market watches to see whether buying volume is strong enough to sustain the recovery.
#BTC #TrendingTopic #TradingCommunity #crypto #futures
TRADE HERE 👇
BITCOIN SURPASSES US$84,000 AND SETS ITS SIGHTS ON US$87,000.
BTC has risen for four consecutive days, surpassing US$84,000 and reaching a high of US$84,150 on October 12.
The rally puts a resistance zone back on the radar—a level that could determine its next move.
Some of this recovery is due to a more favorable macroeconomic backdrop.
Falling yields on 30-year US Treasury bonds and WTI crude oil dropping below US$90 eased concerns about further Federal Reserve rate hikes.
According to probabilities tracked by CME FedWatch, the market sees more than an 80% chance that the Fed will leave rates unchanged in October.
Technically, US$87,000 is the main immediate resistance—a zone where BTC encountered selling pressure in September and October.
A breakout accompanied by higher spot-buying volume could trigger short liquidations and pave the way for a move toward US$90,000.
For now, BTC remains approximately 3.5% below that first resistance, as the market watches to see whether buying volume is strong enough to sustain the recovery.
#BTC #TrendingTopic #TradingCommunity #crypto #futures
TRADE HERE 👇