๐ Bitcoin Back Above $85,900 โ Bulls Regain Control After Sharp Pullback
Bitcoin ($BTC ) is showing renewed strength on the 1-hour chart, climbing back to $85,969 with a +2.41% gain in the last 24 hours. After tapping the intraday low of $83,620, buyers stepped in aggressively, pushing price back toward the $86,000 zone.
๐ Key Highlights from the Chart
24h High: $86,860
24h Low: $83,620
Volume (24h): 1.26B USDT
Current Price: $85,969 and stabilizing
Bitcoin bounced cleanly from support near $83,500, forming a strong bullish candle sequence. The price briefly touched $86,860, signaling a potential continuation if bulls maintain momentum.
๐ Moving Averages (MA) Analysis
MA(5) and MA(10) are sloping upward, showing short-term bullish momentum.
MA(25) at $85,208 now acts as a dynamic support.
MA(99) remains far above at $87,040, meaning BTC still has room to reclaim higher levels.
The short-term structure is forming a higher low, which is a classic bullish signal on lower timeframes.
๐ฅ Volume Outlook
Todayโs volume shows +1.54%, indicating market participants are stepping back in after recent volatility. However, long-term volume metrics (7โ180 days) show BTC has been in a downtrend, making this bounce a potentially important shift.
๐ What to Watch Next
A breakout above $86,860 could send BTC toward $88,000โ$89,000.
If price fails to hold $85,200 (MA25), a retest of $84,500 is likely.
๐ข Market Sentiment
Despite broader pullbacks over the past weeks, Bitcoin continues to show strong resilience. Buyers are defending key support zones, suggesting accumulation is happening on dips.
