BTC trades above its 100-hour simple moving average after rebounding from $86,700 support, with bulls targeting resistance levels near $89,500 and potentially $90K.
Bitcoin price rebounded from $86,700 support, breaking above $88,000 and the 100-hour simple moving average after clearing resistance at $87,300. Immediate resistance lies near $88,500 and $88,900, with a key target at $89,500; a close above this could lead to tests of $90,200 and $90,500. Failure to surpass $89,000 may trigger declines toward supports at $87,850, $87,500, $86,700, and potentially $85,500, with $85,000 as a critical downside level. Technical indicators show the hourly MACD gaining bullish momentum and RSI above 50.