Bitcoin just tested the same ceiling twice in one week — and failed to clear it again.
BTC accelerated above $86K and reached nearly $86,950, coming within roughly $500 of the late-September high near $87.4K. But sellers quickly pushed the move back.
There’s another detail worth watching: more than 80% of the latest market-wide liquidations were short positions, showing that part of the rally was amplified by forced covering.
That makes the next attempt especially interesting.
A clean move through the late-September high would show buyers can finally absorb supply around this zone. Another rejection would make the repeated failure increasingly important.
For $BTC, the question now isn’t simply whether momentum is bullish.
It’s whether spot demand can finish what the short squeeze started.#BTC
BTC accelerated above $86K and reached nearly $86,950, coming within roughly $500 of the late-September high near $87.4K. But sellers quickly pushed the move back.
There’s another detail worth watching: more than 80% of the latest market-wide liquidations were short positions, showing that part of the rally was amplified by forced covering.
That makes the next attempt especially interesting.
A clean move through the late-September high would show buyers can finally absorb supply around this zone. Another rejection would make the repeated failure increasingly important.
For $BTC, the question now isn’t simply whether momentum is bullish.
It’s whether spot demand can finish what the short squeeze started.#BTC