Bitcoin currently holds the key to a significant price shift as it stands at a critical juncture in its development. The asset needs to surpass the $88,300 mark – a crucial hurdle – before surging towards the ambitious target of $90,000 and beyond. A descending triangle pattern in Bitcoin’s price action signals potential market movements. Lower highs indicate a possible breakout either upward or downward. Meanwhile, technical indicators suggest two key resistance points: the 200-day moving average at $86,200 and the 50-day moving average at $88,300. The price needs to overcome these barriers for further growth. A descending triangle pattern emerges from price action due to a series of lower highs, potentially forecasting future price directions.