$BTC Update!!
BTC is testing a major resistance zone around $86.5K–$87K on the daily timeframe.
Price has been moving inside a rising structure since the June low, and we can see a similar ascending pattern from the previous move earlier this year. BTC is now approaching the upper trendline of the current structure.
The interesting part is the daily RSI, which has moved back above 70 and is showing signs of becoming stretched. We’re also seeing a small rejection from the $86.7K area.
BTC is testing a major resistance zone around $86.5K–$87K on the daily timeframe.
Price has been moving inside a rising structure since the June low, and we can see a similar ascending pattern from the previous move earlier this year. BTC is now approaching the upper trendline of the current structure.
The interesting part is the daily RSI, which has moved back above 70 and is showing signs of becoming stretched. We’re also seeing a small rejection from the $86.7K area.
