Like a falcon straining against the wind, Bitcoin’s price soared above $88,000, only to falter, its wings clipped by the looming shadow of $90,000.
- Bitcoin, that restless wanderer, began its ascent toward $89,000, but the path was fraught with tension.
- Hovering above $86,000, it clings to the 100 hourly Simple Moving Average like a sailor to a lifeline.
- A bearish trend line snakes its way across the hourly chart, its resistance lurking at $89,000-a serpent waiting to strike.
- Should the price dip below $86,000, the descent may become inevitable, a cascade into darkness.
Bitcoin, that enigmatic nomad, found solace above the $82,000 mark, forming a base from which it launched its recovery. Surging past $85,000, it flirted with $86,500, only to be met with the skepticism of bears lurking below $90,000.
The resistance at $89,000 looms large, a gatekeeper to the next ascent. The bulls, those tireless optimists, must muster their strength to breach this barrier. Yet, the road ahead is treacherous, the $88,500 resistance whispering “not so fast.”
A triumphant close above $90,000 could unleash a torrent of momentum, propelling Bitcoin toward $92,500 and beyond. Yet, the $89,000 resistance remains a formidable foe-a wall that must crumble for the journey to continue.
Should the price falter, the descent awaits. Support beckons at $86,750, then $86,000, and finally $83,500. Below lies the abyss of $80,000, a chasm from which recovery may be arduous.
Technical indicators, those cryptic oracles, hint at a shifting tide:
Hourly MACD – The bullish momentum wanes, as if weary from the climb.
Hourly RSI (Relative Strength Index) – Above 50, yet its grip is tentative.
Major Support Levels – $86,000, then $83,500.
Major Resistance Levels – $89,000 and $90,000.
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2025-11-25 05:48