EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Bitcoin blocked at $87,000: A key breakthrough is imminent?

2026-10-06 15:28:13
Bookmark

Bitcoin once again failed to break through the US$87,000 resistance level

With global stock markets approaching historical highs, Bitcoin appeared unable to break through the US$87,000 resistance level. As a leader in the crypto market, Bitcoin fell about 1.2% to around $85,600 due to the return of selling pressure. In particular, the increased selling pressure in the $87,000 region has limited the release of Bitcoin's upward momentum.

This level has stopped Bitcoin's upward momentum for the third time since September 23, making it a key resistance point in BTC prices. The market is currently paying close attention to whether Bitcoin can effectively break through this resistance level and whether it will trigger a new round of rising prices.

Strong selling pressure resumed at the US$87,000 level

Although Bitcoin briefly touched above US$87,000 on Monday, it failed to stabilize itself at this position. Continued selling pressure pulled BTC back to around $85,600. So far, the $87,000 barrier has limited Bitcoin's upside for the third time in recent weeks.

At the same time, the total market value of the cryptocurrency market also fell back to approximately US$2.93 trillion, below the important resistance level of US$2.95 trillion pointed out by FxPro. However, despite the correction in Bitcoin, some altcoins have shown a positive divergence trend. HYPE increased by nearly 3%, ADA increased by about 11%, and GRT and NEAR increased by about 7%.

Analysts 'View: Be wary of increased volatility

FxPro analyst Alex Kuptsikevich pointed out that Bitcoin has reached higher local lows since early last week, but bulls have not yet gained enough momentum. Regarding the current technical pattern, Kuptsikevich assessed:

"Prices are approaching the apex of a triangular pattern composed of horizontal resistance and upward support. So if prices move out of that pattern, we need to be prepared for increasing volatility."

This pattern suggests that Bitcoin's price range is gradually narrowing between the US$87,000 resistance level and the rising support line.

Nasdaq hits a new high, Bitcoin lags behind

While Bitcoin faces selling pressure, the U.S. stock market remains strong. The Nasdaq 100 index hit a new closing high, the S & P 500 closed about 0.5% off its all-time high, and the MSCI Asia Pacific Index rose 0.1%. In the bond market, yields continue to climb. The yield on the 10-year Treasury note rose to 5.32%, and the yield on the 2-year Treasury note rose to 4.83%.

美元走强及债券收益率上升可能继续对比特币及其他风险资产构成压力。短期内,87,000美元仍是决定比特币走势的关键因素。每当BTC接近该区域,卖盘加速现象便表明存在充足的供应。然而,如果买方能够吸收抛压并将价格维持在87,000美元之上,技术面格局可能发生显著变化。若该关键价位伴随巨大成交量被突破,可能会加速比特币向八个月来最高价格区域迈进。反之,若无法突破,85,000美元附近的支撑位或将再次受到关注。

总结评估

虽然比特币通过形成更高低点展现了积极的技术结构,但87,000美元的阻力位仍是多头面临的最大障碍。值得注意的是,尽管全球股市逼近纪录高位,比特币未能同步获取相同的上涨动能。未来,若能实现87,000美元上方的持久性突破,这将是开启比特币新一轮上涨行情的关键技术信号之一。

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP