Bitcoin Holds Near $86K as Market Tests Key Resistance
Bitcoin’s price hovered between $85,800 and $86,000 on October 5, 2026, as the market faced stiff resistance near the $87,000 mark. Despite a bullish long-term trend, momentum indicators like the moving average convergence divergence (MACD) and relative strength index (RSI) leaned bearish, signaling caution among traders.
The 1-hour chart showed bitcoin struggling to maintain upward momentum after a rejection near $86,969. Key support levels included the 10-period exponential moving average (EMA) at $86,089 and the 9-period Hull moving average (HMA) at $86,136. A breakdown below $85,428 could trigger further selling.
On the 4-hour chart, bitcoin displayed more resilience, consolidating around $86,000 after a recent peak at $87,219. The short-term structure remained upward, but breaking through resistance at $87,000-$87,219 would be crucial for bulls. A drop below $85,000, however, could expose lower support levels around $84,300-$84,500.
The daily chart reinforced the bullish narrative, with bitcoin recovering from a low of $74,913 and challenging resistance near $87,374. Key technical levels included Fibonacci R1 at $86,710 and Camarilla R3 at $86,989. However, momentum indicators remained neutral to bearish, adding uncertainty to the outlook.