Bitcoin Hits $88K: Bulls Face Resistance

Bitcoin Price Stalls at $88K—Can Bulls Overcome Key Resistance?

• Bitcoin price remained stable above the $85,500 level.
• The price started a recovery wave above the $86,800 zone.
• BTC is trading below $87,200 and the 100 hourly Simple moving average.
• A key bearish trend line forms with resistance at $88,000 on the BTC/USD hourly chart.
• Immediate support is near the $86,800 level; major resistance levels are at $88,000 and $88,250.

Bitcoin’s price stability above $85,500 has led to a recovery wave starting at the $86,800 zone. However, it faces significant resistance near the $88,000 mark due to a bearish trend line on the hourly chart.