Bitcoin Price Remains Supported Above $85,500 with Resistance at $88,200

Bitcoin Price Analysis

• Bitcoin is supported above $85,500 and has started a recovery wave.
• Current trading price is above $87,000 and the 100-hour moving average.
• Key resistance levels are at $88,000 and $88,200, with a bearish trend line forming at $88,200.
• A close above $88,200 may lead to targets of $89,500 and potentially $90,000.
• Immediate support levels are located at $87,000 and $86,500, with major support at $84,500.

Technical indicators show bullish momentum with MACD gaining in the bullish zone and RSI above 50.