Bitcoin's Price Surge Hits Major Resistance Zone
Bitcoin has reached a critical juncture after its recent price surge, testing the $86K-$89K resistance zone.
The asset's daily chart shows it is trading above both moving averages and has established a clear sequence of higher prices since breaking out of the previous corrective structure.
However, the RSI (Relative Strength Index) momentum divergence suggests that upside momentum is not expanding at the same rate as price, potentially indicating a pause in the rally.
The 4-hour chart reveals an aggressive move to $86K from the $80K-$82K demand zone, with buyers still attempting to absorb selling pressure and the rising trendline intact.