Bitcoin $BTC just got rejected from $87K again.
We’ve now seen multiple attempts at that level over the past few weeks, and every time sellers have stepped in.
BTC is now back around $84K, so I’m watching the $83.5K area pretty closely.
That’s the level I’d want to see hold if this is just another pullback within the current range.
The bigger level for me is still $79.5K.
As long as Bitcoin stays above that breakout area, I don’t think the broader structure has been seriously damaged.
If we finally get a clean break and hold above $87K, I think the picture changes pretty quickly.
We’ve now seen multiple attempts at that level over the past few weeks, and every time sellers have stepped in.
BTC is now back around $84K, so I’m watching the $83.5K area pretty closely.
That’s the level I’d want to see hold if this is just another pullback within the current range.
The bigger level for me is still $79.5K.
As long as Bitcoin stays above that breakout area, I don’t think the broader structure has been seriously damaged.
If we finally get a clean break and hold above $87K, I think the picture changes pretty quickly.