NewsBTC
Mar 26, 2025
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Bitcoin Price Faces Key Support at $87,400 After Recent Gains

2 min

Bitcoin has begun a recovery, trading above the $86,500 mark but is currently correcting gains.

  • BTC price is above $86,800 and the 100 hourly Simple Moving Average.
  • A bullish trend line supports at $87,400 on the hourly chart.
  • The price may increase if it surpasses resistance levels of $88,000 and $88,800.

Bitcoin Price Consolidation

Bitcoin remains stable above $84,200 after forming a base. The price rose above the $86,500 resistance.

Bulls pushed BTC above $88,000; however, resistance near $88,800 led to some corrections. A recent high was noted at $88,500, followed by a dip below $88,000.

The price tested the 50% Fib retracement level between the $86,306 low and $88,500 high. It currently trades above $86,500 with support at $87,400.

Immediate resistance stands at $88,000 and key resistances are at $88,500 and $88,800.

Bitcoin Price

A close above $88,800 could lead to further increases towards $89,500 or even $90,000.

Potential Decline for BTC

If Bitcoin does not break the $88,000 resistance, it may decline. Immediate support is at $87,400, with major support at $87,150 and $86,500.

Additional losses could push the price towards $85,000, with main support at $84,500.

Technical indicators show:

  • MACD losing pace in the bullish zone
  • RSI above 50

Major support levels: $87,400 and $87,150. Major resistance levels: $88,000 and $88,800.