Bitcoin is trading around $84.7K after a strong recovery from the $60K area over the past couple of months. The charts show improving market structure, but BTC is now approaching a significant resistance cluster at $88K. Meanwhile, futures taker flow has turned predominantly buyer-driven again, providing a constructive momentum signal, although the price still needs to clear resistance before the broader upside structure can extend. Bitcoin Price Analysis: The Daily Chart The daily chart shows a notable structural improvement over the summer. BTC established a base around the $60K area before spending several weeks consolidating and eventually breaking sharply higher from the $66K region. The move through the $75K area shifted the market into a sequence of higher highs and higher lows. BTC is currently trading near $84.7K, with the immediate resistance zone extending from roughly $86K to $88K. This area has already capped recent attempts higher and therefore represents the main hurdle for the current recovery. As a result, a daily breakout above $88K would strengthen the bullish structure and expose the next major resistance area around $96K. On the downside, the first meaningful s...
BTC Price Analysis: Is Bitcoin Gearing Up for $96K or a Retest of $82K?
4 weeks ago
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