Bitcoin Stalls at $85K as Analysts Warn of 8–10% Correction
- —BTC trades near $85,100, up about 0.6% in 24 hours
- —Analyst Niels sees an 8–10% correction risk after repeated $87,000 rejections
- —Coin Days Destroyed fell to 457 from 688 in late August
- —A wallet with 801 BTC reactivated after 13 years of inactivity
Why it matters: A break above $87,000 could force short liquidations and open the upside, while another rejection would keep BTC in its October range near $78,000–80,000.
Source: The Coin Republic