Bitcoin just hit a wall at $87K.
The move looked strong at first. BTC climbed from the mid-$70Ks in September and eventually pushed above $87K, but sellers quickly stepped in around the $87K–$87.4K area.
That matters because this zone has already acted as resistance. After the sell wall around $85K was absorbed, the next meaningful supply appeared near $87K.
The rejection also came with a sharp wave of leverage getting flushed. More than $400M in long positions were reportedly liquidated as BTC slipped back toward the mid-$80Ks.
So the interesting part now isn’t simply whether Bitcoin touched $87K.
It’s whether buyers can turn that level into support.
If BTC can reclaim and hold above $87K–$87.4K, the path toward $90K becomes much more interesting.
But if the pullback deepens, the $84K–$85K area becomes an important zone to watch, followed by roughly $82.5K–$83K.
For me, this is still a resistance test rather than a confirmed market top.
The next move around $87K may tell us more than the rejection itself.
#BitcoinRejectedAt$87K
$NEAR $BTC $SOL
The move looked strong at first. BTC climbed from the mid-$70Ks in September and eventually pushed above $87K, but sellers quickly stepped in around the $87K–$87.4K area.
That matters because this zone has already acted as resistance. After the sell wall around $85K was absorbed, the next meaningful supply appeared near $87K.
The rejection also came with a sharp wave of leverage getting flushed. More than $400M in long positions were reportedly liquidated as BTC slipped back toward the mid-$80Ks.
So the interesting part now isn’t simply whether Bitcoin touched $87K.
It’s whether buyers can turn that level into support.
If BTC can reclaim and hold above $87K–$87.4K, the path toward $90K becomes much more interesting.
But if the pullback deepens, the $84K–$85K area becomes an important zone to watch, followed by roughly $82.5K–$83K.
For me, this is still a resistance test rather than a confirmed market top.
The next move around $87K may tell us more than the rejection itself.
#BitcoinRejectedAt$87K
$NEAR $BTC $SOL
