Bitcoin’s Resistance at $86K: Examining Potential Price Movement

Bitcoin is currently facing resistance near the $86,000 level, as price action continues to fluctuate between $65,000 and $86,000. The Relative Strength Index (RSI) exhibits weak momentum, indicating a possible pullback despite recent attempts to break above key resistance levels. Analysts believe this indecision is reflected in the symmetrical triangle pattern seen on Bitcoin’s price chart, which could lead to either a breakout at $86K or a downward movement.