Apr 21, 2025
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Bitcoin Price Faces Critical Resistance at $86,190 for Recovery
The Bitcoin price remains low, failing to reclaim $90,000. Over recent months, it has dropped from above $100,000 to below $80,000, bouncing back to $83,000. Investor confidence is wavering regarding the continuation of a bull run.
Key Resistance and Support Levels
- Bitcoin must clear the critical resistance at $86,190 for a potential recovery.
- Recent strength has been noted after reclaiming the $80,000 level, driven by growth in indices and expectations of lower interest rates from the Fed.
- If it surpasses $86,190, the next major resistance is at $88,800.
- Failure to clear this level may lead to further declines, with support at $83,170 and then $78,170.
Analyst RLinda emphasizes monitoring price reactions around these levels to avoid false breakouts and corrections.
