Bitcoin is now trading around $86.6K after breaking above the $85K resistance zone.
$BTC had been consolidating around the $83Kâ$85K area, but buyers have now pushed price higher.
Now Iâm watching $87K closely.
If Bitcoin can break and hold above $87K, the next resistance zone is around $88Kâ$89K.
If BTC gets rejected around $87K, Iâd want to see $85Kâ$84K hold before expecting another move higher.
đ 24H Volume: ~$37.1B
đ 24H Change: +3.04%
The breakout is happening â now BTC needs to prove it can hold the higher range. đ
Current technical data also puts resistance around $87.2Kâ$87.7K, while the moving-average structure remains positive.