Bitcoin Struggles at $86K-$87.3K: Key Support Levels and Liquidity Clusters to Watch
Bitcoin is attempting to recover from its recent rejection at $86K-$87.3K, but still needs to reclaim this zone to confirm another leg higher.
The daily chart shows a bullish market structure following the August breakout, with the price well above both moving averages that are turning higher and providing a supportive medium-term backdrop.
The latest advance carried Bitcoin into the major $86K-$89K resistance region, where sellers stepped in and triggered a correction toward $83K. However, the pullback has so far remained relatively contained, with the price currently recovering around $84.9K.