Bitcoin reaches for $87K as short liquidations top $120M

Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle.

Bitcoin (BTC) neared $87,000 on Friday as BTC short liquidations topped $120 million over 24 hours.

Key points:

Data from TradingView showed BTC/USD reaching $86,857 on Bitstamp before pulling back below $86,000.

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