NewsBTC
22 hours ago
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BULLISH 📈 : Bitcoin price aims for recovery amid resistance challenges

Bitcoin is attempting a recovery from $86,000, currently trading near $88,500.

  • A break above the bearish trend line at $88,000 has been observed.
  • The price remains close to the 100 hourly simple moving average.
  • If Bitcoin stays above $87,500, it may push higher toward $88,800 and $89,500.

Bitcoin Price

Key technical indicators:

  • MACD indicates bullish momentum.
  • RSI is above 50, suggesting potential for further gains.

Resistance levels include $88,800, $89,150, and potentially $91,500 if gains continue. Support levels are at $88,000, $87,200, and crucially $86,000. Failure to rise above $88,800 could lead to another decline.