Bitcoin Hits Resistance at $85K-$90K: Can Bulls Absorb Supply?

Bitcoin's recent recovery has brought it near $83,700, but it still faces significant resistance in the form of a crucial zone between $85,000 and $90,000. This area is characterized by substantial liquidation liquidity and large sell orders, which could make it harder for BTC to break through.

The Coinglass whale order chart shows that there are large sell-side liquidity layers above the current market price, with prominent concentrations around $85,700, $87,000, $88,000, and $89,000. The visible order ladder indicates more than $20 million in sell orders around the $90,000 level.

Bitcoin's momentum is still supportive, as the Relative Strength Index (RSI) has been rising along an ascending trendline. However, the immediate hurdle for BTC is the R1 pivot at $89,024, and a daily close above this level would put the psychological $90,000 threshold within reach.

For now, Bitcoin's price rally remains intact, but the market needs to prove that buyers can absorb the supply sitting above the current price. If resistance continues to hold, another period of consolidation or a deeper pullback cannot be ruled out.