Bitcoin Rejected at $87,000 Again as Analyst Says Close Above $87,500 Is Needed
- —Bitcoin hit $87,000 on Oct. 2, its highest since Sept. 23, before pulling back
- —Analyst Ted Pillows: a close above $87,500 opens the path to $90,000
- —Failure at the $87,000–87,500 zone risks a retest of $84,500
- —BTC is currently trading in the $84,500–85,000 range
Why it matters: The $87,500 level is key to confirming a bullish reversal; a breakout or rejection will determine whether BTC targets $90,000 or $84,500.
Source: Siam Blockchain