Bitcoin could recover if it closes above key resistance:
Bitcoin price was retested and found support at the retracement level at $85,869 on Thursday, and it recovered 3.67% over the next three days. As of Monday, BTC is approaching the descending trendline (drawn by connecting multiple highs since October 6).
If $BTC breaks above the declining trendline and closes above the $90,000, it could extend the recovery toward the next resistance at $94,253.
The Relative Strength Index (RSI) reads 46, pointing upward toward the neutral level of 50, indicating early signs of fading bearish momentum. F
Bitcoin price was retested and found support at the retracement level at $85,869 on Thursday, and it recovered 3.67% over the next three days. As of Monday, BTC is approaching the descending trendline (drawn by connecting multiple highs since October 6).
If $BTC breaks above the declining trendline and closes above the $90,000, it could extend the recovery toward the next resistance at $94,253.
The Relative Strength Index (RSI) reads 46, pointing upward toward the neutral level of 50, indicating early signs of fading bearish momentum. F
BTC-2.93%


















