BTC Update — 7 Oct 2026
Bitcoin is currently under short-term selling pressure. BTC is around $84.1K, after failing several times to break the $87K resistance.
Key levels:
🔴 Resistance: $86,000–$87,000
🟢 Support: $83,700–$84,000
⚠️ Below $83,700 → $82,000–$80,000 could come into focus
🚀 Above $87,000 and holding → $90,000–$92,000 becomes possible
A notable development today is that leveraged BTC longs were heavily liquidated during the drop, suggesting some leverage has been flushed from the market.
My view: Short term neutral-to-bearish, but the broader setup can turn bullish again if BTC reclaims and holds $87K. Citi recently raised its 12-month BTC forecast to $113K, so the longer-term picture remains constructive despite current volatility.
If you want, I can also give you .BTC today’s exact buy levels + stop-loss + target levels
please like share and follow
Bitcoin is currently under short-term selling pressure. BTC is around $84.1K, after failing several times to break the $87K resistance.
Key levels:
🔴 Resistance: $86,000–$87,000
🟢 Support: $83,700–$84,000
⚠️ Below $83,700 → $82,000–$80,000 could come into focus
🚀 Above $87,000 and holding → $90,000–$92,000 becomes possible
A notable development today is that leveraged BTC longs were heavily liquidated during the drop, suggesting some leverage has been flushed from the market.
My view: Short term neutral-to-bearish, but the broader setup can turn bullish again if BTC reclaims and holds $87K. Citi recently raised its 12-month BTC forecast to $113K, so the longer-term picture remains constructive despite current volatility.
If you want, I can also give you .BTC today’s exact buy levels + stop-loss + target levels
please like share and follow