Bitcoin stuck near $86K as $87K sell wall caps gains despite record US stocks
- —BTC holds near $86,000 as sell orders cap upside at $87,000
- —S&P 500 at 7,835, Nasdaq 100 at 31,312, Nasdaq Composite at 27,683 — all-time highs
- —BTC-S&P 500 correlation rose to 0.51, the highest since early June
- —Key support sits at $83,500, where the 21-day SMA converges
Why it matters: A break above $87,000 could open further upside, while losing $83,500 raises the risk of a drop toward $77,200.
Source: Digital Today
More on this
Markets · Oct 2Bitcoin Holds Near $86K as Wall Street Returns Despite 5% Treasury Yields
Markets · 01:32Bitcoin stalls near $86K as Wall Street hits records; ETF inflows cool, 75% of supply in profit
Markets · Sep 20Bitcoin rises 2.2% in September despite weak seasonality, $100M sell wall at $83K