Bitcoin Price Nears Crucial Resistance Zone

The Bitcoin price has been on the rise in September, gaining 6.3% and recovering roughly 40% from its June low near $60,000.

This recovery gives the BTC price a stronger base heading into Q4, but mixed signals are emerging from network activity.

The first major technical test for Bitcoin is the $88,000-$89,785 zone. A break above this level would put higher Fibonacci levels such as $108,738 and $121,980 on the radar.