đš BITCOIN IS FACING A CRITICAL TEST
Bitcoin is hovering around $85Kâ$86K, but one level keeps rejecting the bulls:
đŻ $87,000
BTC has now been rejected around this zone multiple times. A clean breakout above $87Kâ$88K could open the door toward $90K.
But if Bitcoin fails again, the $84Kâ$85K area becomes an important support zone to watch.
The interesting part? Weak U.S. jobs data has reduced expectations of an October Fed rate hike, which could support risk assets. At the same time, rising Treasury yields are still putting pressure on Bitcoin.
So the big question is:
Will BTC finally break $87K, or will sellers defend this level again? đ
#bitcoin #BTC #crypto #CryptoMarket #Binance
Bitcoin is hovering around $85Kâ$86K, but one level keeps rejecting the bulls:
đŻ $87,000
BTC has now been rejected around this zone multiple times. A clean breakout above $87Kâ$88K could open the door toward $90K.
But if Bitcoin fails again, the $84Kâ$85K area becomes an important support zone to watch.
The interesting part? Weak U.S. jobs data has reduced expectations of an October Fed rate hike, which could support risk assets. At the same time, rising Treasury yields are still putting pressure on Bitcoin.
So the big question is:
Will BTC finally break $87K, or will sellers defend this level again? đ
#bitcoin #BTC #crypto #CryptoMarket #Binance