Bitcoin at $86K: Stuck Below Resistance, or Building a Base? 📊
Bitcoin is trading around $86,281 this morning, up about 8% from a month ago but roughly 31% below where it was a year ago. Bulls have momentum, but the bigger picture is still a recovery, not a new high. (Fortune)
Levels I'm watching:
Resistance: BTC keeps failing near $87K. A clean break and hold above it would be the first real sign of strength. (crypto)
Support: FxPro says a slide below $84,000 would hand control to sellers and put $80,000 in play. (CoinDesk)
Catalysts this week:
Minutes from the Fed's last meeting come out Wednesday, so expect volatility around the release. (CoinDesk)
The CFTC proposed a new federal framework for leveraged retail crypto trading. Leverage rules could matter a lot for retail traders. (theblock)
Strive added 2,000 BTC, its biggest buy since June, a sign that corporate accumulation is continuing. (theblock)
My take: Range-bound between $84K and $87K until proven otherwise. I'm not chasing a breakout. I'd rather wait for confirmation, keep position sizes small, and use stops.
Are you bullish above $87K or waiting for a dip toward $84K? Tell me below 👇
#Binance #bitcoin #CryptoNews #BTC $BTC $BNB
Bitcoin is trading around $86,281 this morning, up about 8% from a month ago but roughly 31% below where it was a year ago. Bulls have momentum, but the bigger picture is still a recovery, not a new high. (Fortune)
Levels I'm watching:
Resistance: BTC keeps failing near $87K. A clean break and hold above it would be the first real sign of strength. (crypto)
Support: FxPro says a slide below $84,000 would hand control to sellers and put $80,000 in play. (CoinDesk)
Catalysts this week:
Minutes from the Fed's last meeting come out Wednesday, so expect volatility around the release. (CoinDesk)
The CFTC proposed a new federal framework for leveraged retail crypto trading. Leverage rules could matter a lot for retail traders. (theblock)
Strive added 2,000 BTC, its biggest buy since June, a sign that corporate accumulation is continuing. (theblock)
My take: Range-bound between $84K and $87K until proven otherwise. I'm not chasing a breakout. I'd rather wait for confirmation, keep position sizes small, and use stops.
Are you bullish above $87K or waiting for a dip toward $84K? Tell me below 👇
#Binance #bitcoin #CryptoNews #BTC $BTC $BNB