Bitcoin Bulls Face Key Resistance at $87,374
- Bitcoin‘s price is near $86,256, facing resistance between $87,000 and $87,374.
- 13 of Bitcoin’s moving averages are bullish with the RSI at a firm level of 66.
- A breakthrough above $87,374 could target the next resistance at $89,650.
- Falling below $82,500 would break the higher-low structure supporting Bitcoin’s recent advance.
Bitcoin’s current price action sees it challenging significant resistance levels just shy of $87,374 as bulls attempt to clear this barrier for further gains toward $89,650. The technical landscape remains positive with strong moving average support and a stable RSI.
The market’s focus is on whether Bitcoin can maintain its upward momentum or if it will face another rejection at this key resistance point. A close above this level could signal a fresh high in its trading range. (Source)
