Bitcoin Price Halted by $85,131 as Buyers Regain Control
Bitcoin's price on the hourly chart shows a dramatic story unfolding since its Sept. 17 low near $74,962 and a sharp advance to $87,374 around Sept. 21-22. However, this rally subsequently ran out of steam, followed by a multiday decline.
The recent rebound toward $84,310 has put buyers back in the driver's seat, but the broader trading range of $82,555-$85,131 remains intact. A four-hour or daily close above $85,131 would strengthen the recovery, placing September's $87,374 swing high back in focus.
The daily chart retains its upward structure following Bitcoin's price advance from the August swing low near $62,216 to September's $87,374 peak. The higher-low sequence remains intact, although the failed hold above $87,000 leaves unfinished business overhead.