Bitcoin: $87,400 Resistance Holds as Sentiment Shifts
Bitcoin at $83867.94 tests $87400 resistance with neutral RSI and MACD death cross on 4h chart, delaying weekly close confirmation above $88000.
SourceAnalysis
Bitcoin sentiment has flipped from $30k-$50k downside calls near $60k to premature reversal claims, yet $87400 remains unbroken major resistance per @RhythmicAnalyst.
Price at $83867.94 sits inside Bollinger Bands with upper resistance at $88167.21 while EMA50 at $82329.79 and EMA200 at $77169.19 anchor the bullish structure; neutral RSI at 50.17 paired with MACD death cross at 789.34 signals exhaustion before any sustained push, making a retracement to EMA50 support probable ahead of weekly confirmation above $88000. This setup shapes BTC price prediction models and tempers crypto market reversal narratives.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.
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