Bitcoin’s $87,000 Confluence: A Crucial Test for Bulls

Bitcoin is facing a defining moment in its price trajectory as it encounters a complex resistance cluster around the $87,000 mark. This confluence of technical barriers includes the 50-day moving average (MA), the 200-day MA, and a descending trendline from Bitcoin’s all-time high. Analysts believe this zone of heightened resistance could significantly impact Bitcoin’s near-term direction. As crypto market analyst Ali points out in his post on X, this confluence makes the $87,000 level a