$80-$87K is a tough level for $BTC to push through.
That’s why we’re seeing the rejections right now.
This is because $BTC is facing a tough resistance level in the monthly, the 20-month MA.
The last time it faced this level was back in 2023, where we saw months-long consolidation.
So, this is a big obstacle for BTC, but clear it? $100K is next.
#BitcoinOptionsVolatilityHitsFiveYearLow
#btc70k
That’s why we’re seeing the rejections right now.
This is because $BTC is facing a tough resistance level in the monthly, the 20-month MA.
The last time it faced this level was back in 2023, where we saw months-long consolidation.
So, this is a big obstacle for BTC, but clear it? $100K is next.
#BitcoinOptionsVolatilityHitsFiveYearLow
#btc70k