#BitcoinRejectedAt$87K
đš $BTC is losing momentum after failing to break $87,100.
Bitcoin was rejected at $87,100 and pulled back toward $83,800, but the important $82,900â$83,000 support zone is still holding for now.
The bigger concern is profit-taking.
đ The 7-day average realized profit reportedly jumped from around $136M to nearly $1.05B, adding more supply to the market and potentially explaining why BTC has struggled to stay above $87K.
BTC is now sitting around the $84Kâ$86.5K cost-basis zone.
đ Hold above $83K â another attempt at $87,100 remains possible.
đ Break below $83K â $80K support comes back into focus.
Meanwhile, accumulation and distribution have narrowed, suggesting neither side is currently acting aggressively.
For now, $83K is the level that matters most. đ
$BTC
#Bitcoin #BTC #CryptoMarket #BitcoinTrading #crypto
đš $BTC is losing momentum after failing to break $87,100.
Bitcoin was rejected at $87,100 and pulled back toward $83,800, but the important $82,900â$83,000 support zone is still holding for now.
The bigger concern is profit-taking.
đ The 7-day average realized profit reportedly jumped from around $136M to nearly $1.05B, adding more supply to the market and potentially explaining why BTC has struggled to stay above $87K.
BTC is now sitting around the $84Kâ$86.5K cost-basis zone.
đ Hold above $83K â another attempt at $87,100 remains possible.
đ Break below $83K â $80K support comes back into focus.
Meanwhile, accumulation and distribution have narrowed, suggesting neither side is currently acting aggressively.
For now, $83K is the level that matters most. đ
$BTC
#Bitcoin #BTC #CryptoMarket #BitcoinTrading #crypto
