📈 BITCOIN PUSHES TOWARD $87K — THEN SELLERS STEP IN

Bitcoin started the week with another attempt to break out of its recent range.

BTC climbed to approximately:

$86,950

That brought Bitcoin within roughly $500 of its late-September high near $87,400.

The move followed softer U.S. employment data, which reduced pressure on the Federal Reserve to keep interest rates higher.

At the same time:

• Bitcoin gained roughly 1.5%
• U.S. 10-year yield eased toward 5.25%
• Nasdaq closed at a record on Friday
• Asian equities opened the week higher

But Bitcoin could not hold the entire move.

BTC pulled back below $86,000 after approaching $87K.

Important:

This is now the SECOND recent rally to stall below the same resistance zone.

Last week, BTC also surged after softer inflation data before giving back part of the move.

That makes the area around:

$87,000 — $87,400

one of the most important short-term levels on the chart.

A clean break would put Bitcoin at its highest level in roughly eight months.

Until then, buyers are still knocking on the same door.

@BitcoinNews