Latest Update
2026-10-02 02:39 UTC

Bitcoin: $85k Sell Wall Cleared, Eyes $87k Cluster

Bitcoin: $85k Sell Wall Cleared, Eyes $87k Cluster

Bitcoin clears $85k sell wall with price advancing to $87k orders; 4h chart shows bullish EMA structure at $86412 amid overbought RSI.

Source

Analysis

Bitcoin sellers stepped aside after the $85k asks were partly filled and pulled, clearing resistance and leaving price to test the next sell cluster at $87k, half the prior wall size.

BTC price action now aligns with reduced ask liquidity above, supporting faster upside moves in the current cycle compared to the past six months of repeated tests.

On the 4h chart, Bitcoin trades at $86412.42 inside a bullish trend with EMA50 at $83933.44 and EMA200 at $80235.37 acting as concrete support; price tests upper Bollinger resistance at $86020.7 while RSI(14) at 70.87 signals overbought conditions and MACD holds a golden cross at 484.45, pointing to a probable healthy retracement toward the 50-EMA before continuation.


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