Bitcoin Holds Steady Above $86K but Faces Resistance Near $87K

Bitcoin's price on Oct. 5, 2026, shows a mixed picture, with the cryptocurrency holding above key moving averages but struggling to break past $87,000. At $86,084 on Bitstamp, Bitcoin has maintained an upward structure since its recovery from $74,913, but momentum indicators suggest hesitation near the $87,400 resistance level.

On the 1-hour chart, Bitcoin's advance from $84,713 to $86,969 faced rejection near $85,500 before rebounding. The price now hovers just below the 10-period EMA at $86,089 and the 20-period VWMA at $86,140, with the 9-period HMA at $86,136. The 4-hour chart shows a steadier upward trend, with Bitcoin consolidating around $86,000 after reaching $87,219. Resistance in the $87,000-$87,219 range remains a critical hurdle.

The daily chart supports the bullish outlook, with Bitcoin recovering from $74,913 and challenging $87,374. Key resistance levels include Daily Fibonacci R1 at $86,710 and Camarilla R3 at $86,989. However, momentum indicators like the RSI, Stochastic, and MACD suggest caution, with bearish readings on the 1-hour chart.

Moving averages remain largely bullish, with all daily EMAs and SMAs from 10 to 200 periods showing bullish signals. The 9-period HMA at $86,097 is the sole bearish outlier. Bulls need to hold $85,500 and break $87,400 to reinforce the upward trend, while bears could gain traction if the price drops below $85,000, potentially testing the $84,300-$84,500 range.