Ali Charts|Oct 03, 2026 08:22
BITCOIN: NEW BUYING OPPORTUNITY
Bitcoin’s recent surge toward $87,000 was compromised before it even got going.
Not only were whales taking profits on the way up, selling more than 30,000 BTC, but $87,000 also marked the top of the channel that has rejected Bitcoin for more than two weeks.
Now that BTC has been rejected once again, I’m watching the bottom of the channel near $82,500 as the immediate downside target.
That’s where things could get interesting.
If Bitcoin reaches $82,500 and whales begin accumulating again, that could provide the confirmation I’m looking for to buy the dip and target another rebound toward $87,000.
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