Bitcoin Faces Crucial Test as Resistance Looms at $88K

Bitcoin's recent surge has been impressive, rising from $60K to over $84.7K in a matter of months. Despite this strong recovery, the charts show that BTC is now approaching a significant resistance cluster at $88K. The daily chart indicates a notable structural improvement since the summer, with higher highs and higher lows forming as the market consolidates and breaks out from key areas. One major hurdle for the current recovery lies in the immediate resistance zone extending from roughly $86K to $88K, which has already capped recent attempts higher. Breaking above this area would strengthen the bullish structure and expose the next major resistance around $96K. On the downside, support sits around $74K-$78K, with another notable region visible at $66K. The 100-day and 200-day moving averages are also becoming more constructive, converging toward each other around $72K. As long as BTC remains above these averages, the broader recovery structure remains intact. A bullish crossover between the two could be a key sentiment driver to push the price back above $90K in the coming weeks.