Bitcoin Stalls at $85,000 Resistance Amid Weakening Momentum

Bitcoin's recent price action has been met with resistance around $85,000, according to analysts. The cryptocurrency had reached a weekly high of $87,363 before retreating about 4% to trade near $84,000 on September 26.

Wealthmanager identified the first area of heavy sell orders as ranging from $85,000 to $85,800, with additional resistance at $88,000 and a 'largest wall' above the market at $90,000.

Mister Crypto also pointed out that continued price action below $85,000 could lead to another decline, with Wealthmanager suggesting a possible pullback area if BTC fails to regain $85,000 as $81,000-$82,000.