Bitcoin's Rally Above $87,000 Faces Fresh Tests: Bitfinex Alpha
- —BTC pulled back to $85,000 after briefly climbing above $87,000
- —Bitcoin gained 5.9% on September 18 on spot buying and ETF inflows
- —Trading volume and open interest stay weak, with short covering adding to the move
- —A large options expiry on September 25 could bring added volatility
Why it matters: Holding above $85,000 keeps the recovery intact, while a drop below $81,300 would return BTC to its prior range.
Source: CryptoPotato