Bitcoin Price Analysis: Is BTC Running Out of Steam After Another Rejection at $87K?
• Bitcoin is currently trading around $85.2K, approaching the $86K–$90K resistance zone, with buyers facing significant barriers to further gains despite a resilient demand structure.
• The 4-hour chart indicates an ascending triangle pattern, with a confirmed breakout above $87.3K potentially leading to a move towards $89K–$90K, while losing support around $84.5K–$85K could trigger deeper corrections.
• On-chain analysis shows that while shorter-term holders are in unrealized profit, the price remains below the realized prices of longer-term holders, suggesting potential selling pressure as Bitcoin nears the $88K–$90K resistance area.
https://cryptopotato.com/bitcoin-price-analysis-is-btc-running-out-of-steam-after-another-rejection-at-87k/
• Bitcoin is currently trading around $85.2K, approaching the $86K–$90K resistance zone, with buyers facing significant barriers to further gains despite a resilient demand structure.
• The 4-hour chart indicates an ascending triangle pattern, with a confirmed breakout above $87.3K potentially leading to a move towards $89K–$90K, while losing support around $84.5K–$85K could trigger deeper corrections.
• On-chain analysis shows that while shorter-term holders are in unrealized profit, the price remains below the realized prices of longer-term holders, suggesting potential selling pressure as Bitcoin nears the $88K–$90K resistance area.
https://cryptopotato.com/bitcoin-price-analysis-is-btc-running-out-of-steam-after-another-rejection-at-87k/