Bitcoin Tests $87,374 Resistance Amid Mixed Technical Signals

Bitcoin's price is making a strong push toward $87,374, but the market remains cautious as technical indicators show mixed signals. On Tuesday, October 6, 2026, at 8:20 a.m., Bitcoin was trading around $86,256. While the daily and 4-hour charts suggest bullish momentum, the 1-hour chart indicates resistance near the $87,000 to $87,374 range, which could either lead to a breakout or another rejection.

The 1-hour chart shows Bitcoin recovering from a low near $83,500 on October 2, with buyers recently turned away around $87,000 on October 5. Support levels are noted at $85,900 to $86,000, followed by $85,000. A close above $87,374 would confirm a breakout, while another rejection could push prices back toward $85,000.

The 4-hour chart supports the bullish outlook, with Bitcoin trading between $82,500 and $87,400 since its low near $75,600 on September 18. A break through $87,374 could target the $89,650 Fibonacci resistance level, but losing $85,000 would shift focus to $83,500 and $82,500.

The daily chart remains the most bullish, with Bitcoin establishing a broader trading band between $75,000 and $87,000 after bottoming around $57,700 in early July. Higher highs and higher lows are intact, but oscillators like the RSI and MACD show mixed signals. Moving averages overwhelmingly favor the bulls, with 13 of 15 readings bullish.

Bulls argue that a close above $87,374 would confirm a fresh range high and open the door to $89,650. Bears, however, caution that another rejection could trap Bitcoin beneath the range ceiling and pressure $85,000. A deeper retreat through $83,500 would weaken the short-term structure and expose the important $82,500 higher low.