As mentioned in yesterday’s update, $88.1K (Weekly Open) was likely to act as resistance—and after a brief recovery, #Bitcoin rejected precisely from that level.
In addition to being the Weekly Open, this move also marked a bearish retest of the orange trendline.
If BTC manages to reclaim this resistance, we could see a push toward $90K, where the CME gap remains partially unfilled.
On the downside, $85K (Monday Low) continues to be a critical support level that must hold on any further pullbacks.
BTC
85,874.89
-2.12%