Bitcoin Just WRECKED Bulls & Bears
Guy Turner reviews Bitcoin’s sharp swings, repeated rejection near $87,000, and the liquidation-driven selloff that left the market between buyers’ support and sellers’ resistance. He concludes that Bitcoin’s key price levels are clear and that the September CPI report is likely to determine which part of the range gets tested next.
Preview · 2 more points in the app
Read the Full SummaryKey Points
Turner says Bitcoin faced three rejections near $87,000 before falling below $83,000, shifting that former support area into resistance.
Guy says the Monday selloff triggered close to $800 million in liquidations, with the overwhelming majority involving long positions.
Turner identifies $80,000–$81,000 as Bitcoin’s support floor, $82,500–$83,000 as a retest zone, about $84,100 as a reclaim level, and $86,000–$87,000 as resistance.
– Bitcoin Just Trapped Everyone
Guy says Bitcoin has been trapped between roughly $80,000 support and repeated resistance near $87,000, with choppy price action liquidating traders on both sides.
– The $87K Wall Explained
Bitcoin failed three times to clear $87,000, then lost $83,000 and found buyers near $80,000, defining a range with sellers above and buyers below.
– $800 Million Wiped Out
A sharp Monday reversal triggered nearly $800 million in liquidations, mostly longs, while leveraged altcoins suffered steeper losses and Bitcoin dominance rose toward 60%.
– The One Number That Changes Everything
Guy identifies September CPI as the last major inflation reading before the Fed's October rate decision, with elevated Treasury yields making the result especially consequential for liquidity.
– The 4 Bitcoin Levels You Must Watch
The key levels are Bitcoin resistance at $86,000–$87,000, a reclaim near $84,100, a retest zone at $82,500–$83,000, support around $80,000–$81,000, and total crypto market cap at $2.7 trillion.
– Will Bitcoin Break $87K or Lose $80K?
Guy concludes that Bitcoin's range and trading levels are unusually clear, and that the CPI report is likely to determine whether price tests resistance near $87,000 or support near $80,000 next.
Related Episodes
Important Disclaimers
Not Investment Advice: For education only — not financial, tax or legal advice.
AI-Generated: Made by AI from source transcripts and may contain errors.
No Guarantees: Past performance does not predict future results; investing carries risk.
Our Commentary · Request Removal