đš Bitcoin at $87K: Breakout to $90K or Another Rejection?
đ Latest Bullish Developments
đč ETF demand remains strong: U.S. spot Bitcoin ETFs recorded approximately $2.65 billion in net inflows during September, showing that institutional demand has not disappeared.
đč Weak U.S. jobs data: September payroll growth came in much weaker than expected, reducing expectations for another October Fed rate hike. This can provide a more supportive environment for risk assets such as Bitcoin.
đŻ My BTC Prediction
Short-term bias: đą Bullish 60% | đŽ Bearish 40%
I would not call the breakout confirmed yet.
The most important signal is:
đ BTC Daily Close > $87.5K = Bullish Confirmation
A successful breakout and hold above $87Kâ$87.6K could shift momentum toward $90K first, followed by $93Kâ$94.5K.
But if BTC keeps getting rejected at this level, expect another move toward $85Kâ$83K before bulls attempt another breakout.
#bitcoin #BinanceSquareTalks #BTCâ
đ Latest Bullish Developments
đč ETF demand remains strong: U.S. spot Bitcoin ETFs recorded approximately $2.65 billion in net inflows during September, showing that institutional demand has not disappeared.
đč Weak U.S. jobs data: September payroll growth came in much weaker than expected, reducing expectations for another October Fed rate hike. This can provide a more supportive environment for risk assets such as Bitcoin.
đŻ My BTC Prediction
Short-term bias: đą Bullish 60% | đŽ Bearish 40%
I would not call the breakout confirmed yet.
The most important signal is:
đ BTC Daily Close > $87.5K = Bullish Confirmation
A successful breakout and hold above $87Kâ$87.6K could shift momentum toward $90K first, followed by $93Kâ$94.5K.
But if BTC keeps getting rejected at this level, expect another move toward $85Kâ$83K before bulls attempt another breakout.
#bitcoin #BinanceSquareTalks #BTCâ
