Bitcoin Faces Resistance Near $87K After Late-September Recovery

Bitcoin has bounced back from a pullback in late September and is now trading around $85.2K. The cryptocurrency is approaching a key resistance zone of $86K, $90K after buyers successfully defended the $83K, $84K support area. The price structure remains positive, with demand showing resilience, but nearby technical resistance and holder cost bases are acting as significant barriers.

On the daily chart, Bitcoin is near the lower end of the $86K, $90K resistance zone. After an initial rejection near $87K, buyers pushed the price back toward recent highs. This shallow correction indicates strong demand, though a sustained breakout has yet to occur.