#002
BTC KEEPS HITTING THE $87K WALL
Bitcoin tried to break above $87,000 again. And once again, it got rejected. This is now the third rejection around $87K since September 23. BTC is currently trading around $85K–$86K, while the short-term structure is still showing higher local lows. But there’s another signal worth watching.
Spot Bitcoin ETFs recorded roughly $90M in net outflows on October 5. So here’s the map:
🔴 Resistance: $87K–$87.5K
🟢 Support: $84.5K–$85K
⚠️ ETF flow: Back to negative
If BTC can break and hold above $87K, momentum could shift. If another rejection sends BTC below the key support zone, selling pressure could increase.
I’m not predicting the direction.
I’m watching the reaction.
Don’t predict the breakout.
Watch the confirmation.
SEE BEYOND THE HYPE.
#OXIDELYNX #BTC #CryptoNewss #cryptooinsigts
BTC KEEPS HITTING THE $87K WALL
Bitcoin tried to break above $87,000 again. And once again, it got rejected. This is now the third rejection around $87K since September 23. BTC is currently trading around $85K–$86K, while the short-term structure is still showing higher local lows. But there’s another signal worth watching.
Spot Bitcoin ETFs recorded roughly $90M in net outflows on October 5. So here’s the map:
🔴 Resistance: $87K–$87.5K
🟢 Support: $84.5K–$85K
⚠️ ETF flow: Back to negative
If BTC can break and hold above $87K, momentum could shift. If another rejection sends BTC below the key support zone, selling pressure could increase.
I’m not predicting the direction.
I’m watching the reaction.
Don’t predict the breakout.
Watch the confirmation.
SEE BEYOND THE HYPE.
#OXIDELYNX #BTC #CryptoNewss #cryptooinsigts
