Market Observation #BitcoinRejectedAt$87K
BTC85,382.71+0.60%
Bitcoin has once again faced strong rejection around the $87,000 level, putting the latest breakout attempt under pressure.
The repeated rejection suggests that sellers remain active around this resistance zone. If selling pressure continues to build, the market could enter a deeper liquidation phase.
My Forecast
My current downside scenario is:
$85K → $75K → $65K
I expect $65,000 to become a potentially important accumulation zone if $AAPLB Bitcoin reaches that level in early November.
From there, my bullish scenario is a recovery toward:
$65K → $100K
If momentum turns bullish and market conditions support the move, I see $100,000 as a potential target for early January.
These are my market expectations based on the current structure and can change as new price action develops.
⚠️ Risk Disclaimer
This article represents my personal market analysis and is not financial or investment advice. The forecasts, price levels, and timeline are hypothetical and are not guaranteed outcomes. Cryptocurrency trading is highly volatile and can result in significant loss of capital. Do your own research and never invest more than you can afford to lose.
I’ll continue tracking $GOOGL.US Bitcoin’s price action, liquidity, support and resistance levels, and major market developments.
Follow for the next major BTC update — I’ll share important changes here first. $BTC