Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus 📈
Bitcoin's price is on a recovery path, starting above the $82,500 zone, and now aims to move past the $86,500 and $87,200 marks. The recent upward trend sees BTC trading above $84,500 and the 100 hourly Simple Moving Average.
A bullish trend line offers support at $85,200 on the BTC/USD hourly chart, suggesting potential for further increases if the $86,200 and $87,000 levels are breached. A close above $87,200 could propel the price towards $90,000.
If resistance holds at $86,500, Bitcoin might face a decline, with major support at $85,200 and $84,500. Technical indicators suggest increasing bullish momentum.
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