Crypto
Bitcoin Resists Breakout at $87,400 Amid Shift in Sentiment
Bitcoin's price has been stuck at $87,400 resistance level, defying expectations of a breakout. According to RhythmicAnalyst, sentiment around Bitcoin has shifted from bearish calls near $60,000 to premature reversal claims.
The current price of $83,867.94 is within the Bollinger Bands, with upper resistance at $88,167.21 and exponential moving averages (EMAs) at 50-day ($82,329.79) and 200-day ($77,169.19) anchoring a bullish structure.
However, RSI is neutral at 50.17, while the MACD death cross at 789.34 signals exhaustion before any sustained push, making a retracement to EMA50 support likely ahead of weekly confirmation above $88,000.