$BTC Is Back Above $84K, and That’s Only Half the Job 🎯
Reclaiming $84,000 is a headline. Holding it is the trade.
BTC is at ~$84,000, up 1.3% on the day, after last week’s flush. Part of the move came from short sellers getting squeezed out.
🔹 Pivot: $84,000, where bulls and bears are fighting
🔹 Upside: $87,000 is the resistance that has capped recent rallies
🔹 Downside: lose $84K and the low $80Ks come back into play
🔹 Tailwind: BTC ETFs saw small inflows on Oct 9 after heavy outflows
🔹 Event to watch: CPI data on Oct 14
🧠 My view: I like the bounce, but I won’t call it a breakout until BTC closes a daily candle above $84K and pushes toward $87K. Until then, this is still a range.
💬 Is $84K support now, or just a stop on the way back down? Where’s your line? 👇
⚠️ Not financial advice. DYOR.
#BTC #Bitcoin #Crypto #BinanceSquare #BitcoinReclaims$84K
Reclaiming $84,000 is a headline. Holding it is the trade.
BTC is at ~$84,000, up 1.3% on the day, after last week’s flush. Part of the move came from short sellers getting squeezed out.
🔹 Pivot: $84,000, where bulls and bears are fighting
🔹 Upside: $87,000 is the resistance that has capped recent rallies
🔹 Downside: lose $84K and the low $80Ks come back into play
🔹 Tailwind: BTC ETFs saw small inflows on Oct 9 after heavy outflows
🔹 Event to watch: CPI data on Oct 14
🧠 My view: I like the bounce, but I won’t call it a breakout until BTC closes a daily candle above $84K and pushes toward $87K. Until then, this is still a range.
💬 Is $84K support now, or just a stop on the way back down? Where’s your line? 👇
⚠️ Not financial advice. DYOR.
#BTC #Bitcoin #Crypto #BinanceSquare #BitcoinReclaims$84K