Bitcoin $BTC is currently locked in a high-stakes tug-of-war, teetering at $87,634.78 after a sharp rejection from its 24-hour peak of $88,049.89. The 15-minute chart reveals a dramatic "mountain peak" formation; following a steady, bullish climb, a sudden wave of selling pressure triggered a series of aggressive red candles that sliced through previous support levels. While the price is attempting to stabilize around the $87,600 mark, the market remains on a knife-edge with $770 million in volume fueling the volatility. All eyes are now on whether the bulls can reclaim the $88k psychological barrier or if a breakdown toward the daily low of $86,420 is imminent.
Would you like me to analyze the support and resistance levels more deeply to help identify a potential entry point?
