🚨 Bitcoin Rejected at $87K for the Third Time — Sellers Still in Control 📉⚡
$BTC is facing the same wall again.
Bitcoin briefly pushed above $87,000 before sellers stepped in hard, sending price back down around $85,600 — a drop of about 1.2%.
This marks the third rejection at the $87K level since September 23. The zone has clearly become a short-term resistance that bulls are struggling to break.
Market snapshot:
• Total crypto market cap slipped to ~$2.93 trillion, just below the $2.95T resistance
• Meanwhile, Nasdaq hit a fresh record high
• S&P 500 remains within 0.5% of its all-time high
• U.S. 10-year Treasury yield climbed to 5.32%, with the 2-year at 4.83%
The divergence is notable: traditional risk assets are near or at highs, while Bitcoin keeps getting rejected at the same key level. Rising yields are adding macro pressure at the same time.
Bulls need a clean break and hold above $87K to shift momentum. Until then, the level remains a major hurdle.
Will $BTC finally clear $87K on the next attempt, or does more consolidation lie ahead?
Drop your bias 👇
$BTC
#CryptoNews
$BTC is facing the same wall again.
Bitcoin briefly pushed above $87,000 before sellers stepped in hard, sending price back down around $85,600 — a drop of about 1.2%.
This marks the third rejection at the $87K level since September 23. The zone has clearly become a short-term resistance that bulls are struggling to break.
Market snapshot:
• Total crypto market cap slipped to ~$2.93 trillion, just below the $2.95T resistance
• Meanwhile, Nasdaq hit a fresh record high
• S&P 500 remains within 0.5% of its all-time high
• U.S. 10-year Treasury yield climbed to 5.32%, with the 2-year at 4.83%
The divergence is notable: traditional risk assets are near or at highs, while Bitcoin keeps getting rejected at the same key level. Rising yields are adding macro pressure at the same time.
Bulls need a clean break and hold above $87K to shift momentum. Until then, the level remains a major hurdle.
Will $BTC finally clear $87K on the next attempt, or does more consolidation lie ahead?
Drop your bias 👇
$BTC
#CryptoNews