🚨 $BTC Rejected at $87K Again, What's Next? 🚨
Bitcoin is trading around $85.6K after getting turned away from $87K for the third time since Sept 23. But the bullish structure is still intact 👇
📊 Today's key updates:
🔹 $BTC is holding above its major EMAs
🔹 Strive added another 2,000 $BTC, so institutional accumulation continues
🔹 BTC ETFs saw an $89.9M outflow on Oct 5, the first of October
🔹 The US Treasury withdrew two proposed rules on crypto mixers and self-hosted wallets ✅
🔹 Next big catalyst: CPI data on Oct 14 ⚠️
🎯 Levels to watch:
🟢 Breakout: $87.4K, then $90K
🔴 Support: $84K, then $82K
💡 In a range-bound market, avoid FOMO. Stagger your entries and always use a stop-loss.
What's your call: $90K first or $82K first? Drop your prediction below 👇
⚠️ Not financial advice. Always DYOR.
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