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Bitcoin has reclaimed the $87,000 level and its 100-hour SMA, staging a recovery from the $83,500–$85,500 demand zone.
A dense resistance cluster looms between $88,200 and $90,000, formed by a bearish trend line and the key 76.4% Fibonacci retracement level.
While hourly momentum indicators like MACD and RSI have flipped bullish, failure to clear $90,000 risks a pullback toward $86,700 or the $82,000 lows.
Bitcoin opened the week attempting to reverse a sharp sell-off, establishing a short-term floor above $83,500. This base provided the launchpad for a rebound that pierced the $85,500 resistance, pushing price action toward $89,000. At the time of writing, BTC is consolidating above $87,000 and holding the 100-hour Simple Moving Average, as traders assess the momentum needed to challenge the psychological $90,000 barrier.
Bitcoin Price Eyes Upside Break
Crucially, the $83,500 support remained intact during the recent volatility. Buyers defended this level aggressively, allowing Bitcoin to pivot higher and reclaim the $86,000 mark. This move recovered more than 50% of the downside leg from the $92,872 swing high to the $80,595 low, signaling a potential shift in short-term sentiment.
However, the recovery has stalled ahead of a critical technical confluence. Bears continue to defend the approach to $90,000, capping upside attempts. On the hourly BTC/USD chart (Kraken data), a descending trend line near $88,200 is adding immediate overhead supply pressure before bulls can seriously test the $90,000 zone.
For the upside momentum to sustain, bulls must navigate a dense cluster of resistance:
The immediate trend-line hurdle near $88,200;
Intermediate resistance at $89,000;
The critical $90,000 level, which aligns with the 76.4% Fibonacci retracement of the $92,872–$80,595 decline.
A decisive daily close above $90,000 would validate the rebound as more than a mere corrective bounce. In this bullish scenario, BTC would likely target $91,750, with follow-through potential toward $92,500, before facing the next major supply band at $93,500–$94,000.
Currently, hourly momentum favors the bulls. The MACD is accelerating within the bullish zone, and the RSI is holding above 50, suggesting that buyers have temporarily regained control of the intraday trend.
Another Drop in BTC?
Conversely, if Bitcoin fails to breach $90,000, the current price action risks forming a lower high within a broader downtrend.
Immediate downside protection sits at $86,700, with a more significant support zone at $86,200. A breakdown below these levels would shift focus back to $85,000, the origin of the current recovery leg.
Should selling pressure intensify and drive BTC below $85,000, the market would likely retest the $83,500 base. A failure of this support would expose the $82,000 level—the last major line of defense on this timeframe. Losing $82,000 would likely accelerate the sell-off, confirming that the recovery has failed and deeper liquidity zones are in play.
Ultimately, the technical bias hinges on the $90,000 pivot: a breakout strengthens the recovery narrative, while a rejection keeps the mid-$80,000s downside targets in focus.
Major Support Levels – $86,200, followed by $85,000, then $83,500 and $82,000. Major Resistance Levels – $89,000 and $90,000, with further upside targets at $91,750, $92,500, $93,500, and $94,000.
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The above content was completed with the assistance of AI and has been reviewed by an editor.
