#BitcoinRejectedAt$87KThirdTime
๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ ๐จ BITCOIN JUST GOT REJECTED AT $87K โ FOR THE 3RD TIME!
$BTC is facing a serious resistance wall around $87,000.
Todayโs rejection pushed Bitcoin back toward the $85Kโ$86K area, showing that sellers are still defending this zone aggressively. (CoinDesk)
But thereโs an important detailโฆ
๐ BTC IS STILL MAKING HIGHER LOWS
That means buyers havenโt completely lost control.
The market is now getting squeezed between:
๐ด Resistance: $87,000โ$87,500
๐ข Near support: $84,500โ$85,000
๐ต Major downside zone: ~$82,600
If BTC finally gets a strong close above $87.5K, the repeated rejection pattern could be invalidated and momentum may accelerate toward the $90K area. (Barronโs)
But if $84.5K breaks, the market could see another deeper pullback toward the low-$82K region.
๐ MACRO IS STILL IMPORTANT
The U.S. dollar and Treasury yields remain elevated, keeping pressure on risk assets. At the same time, weaker jobs data has reduced expectations for another October Fed hike, which could provide some support to crypto sentiment. (Barronโs)
๐ฅ THE REAL BATTLE NOW:
Can Bitcoin turn $87K from resistance into support?
The next clean move may come from this range.
#Bitcoin #BTC #Crypto #BitcoinAnalysis
๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ ๐จ BITCOIN JUST GOT REJECTED AT $87K โ FOR THE 3RD TIME!
$BTC is facing a serious resistance wall around $87,000.
Todayโs rejection pushed Bitcoin back toward the $85Kโ$86K area, showing that sellers are still defending this zone aggressively. (CoinDesk)
But thereโs an important detailโฆ
๐ BTC IS STILL MAKING HIGHER LOWS
That means buyers havenโt completely lost control.
The market is now getting squeezed between:
๐ด Resistance: $87,000โ$87,500
๐ข Near support: $84,500โ$85,000
๐ต Major downside zone: ~$82,600
If BTC finally gets a strong close above $87.5K, the repeated rejection pattern could be invalidated and momentum may accelerate toward the $90K area. (Barronโs)
But if $84.5K breaks, the market could see another deeper pullback toward the low-$82K region.
๐ MACRO IS STILL IMPORTANT
The U.S. dollar and Treasury yields remain elevated, keeping pressure on risk assets. At the same time, weaker jobs data has reduced expectations for another October Fed hike, which could provide some support to crypto sentiment. (Barronโs)
๐ฅ THE REAL BATTLE NOW:
Can Bitcoin turn $87K from resistance into support?
The next clean move may come from this range.
#Bitcoin #BTC #Crypto #BitcoinAnalysis
