Bitcoin Price Analysis: Is BTC Running Out of Steam After Another Rejection at $87K?

Bitcoin is approaching a key resistance area again after recovering from its late-September pullback. The price structure remains constructive, but nearby technical resistance and holder cost bases suggest that buyers still face a meaningful barrier to further gains. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC is trading around $85.2K, near the lower boundary of the $86K–$90K resistance zone. Following the initial rejection around $87K, buyers defended the $83K–$84K area and pushed the price back toward the recent highs. This relatively shallow correction suggests that demand remains resilient, although a sustained breakout has yet to materialize. Meanwhile, the two displayed moving averages are converging around $71.5K, with the rising yellow average approaching the orange average from below. The highlighted potential bullish crossover would reinforce the broader recovery backdrop, but confirmation is still needed, and the asset remains well above both averages. A sustained move above the recent $87K–$87.5K highs could allow Bitcoin to advance further into the $88K–$90K resistance area. Clearing that broader zone would open the way toward the next major sup...