Bitcoin Price Analysis: Key Support Levels and Liquidity Clusters to Watch This Week

Bitcoin is attempting to recover after its latest rejection from the $86K-$87.3K supply area. While the broader structure remains constructive, BTC still needs to reclaim this overhead zone to confirm another leg higher, with liquidity positioned on both sides of the market. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin remains in a bullish market structure following the powerful August breakout. The price has since established itself well above both displayed moving averages, which are now turning higher and providing a more supportive medium-term backdrop. The latest advance carried BTC 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. The $80K-$82K demand zone is the most important nearby support. Holding above this region would preserve the recent higher-low structure and keep another attack on the highs plausible. A successful daily breakout through the $86K-$89K supply zone could then clear the way for further price discovery. Conversely, losing the $80K-$82K area would weaken th...