Bitcoin is currently hovering around $87,300 — not in moon mode, but definitely showing signs of strength. It’s one of those in-between phases where smart traders stop, zoom out, and ask: Is this the start of something bigger, or just a setup for another rug pull?
Let’s walk through it — chill, but sharp.
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So, What’s Happening?
On the daily chart, $BTC recently broke above MA(7) and MA(25) — a solid short-term bullish sign. Volume backed the move, which adds credibility. But the real test is coming up fast: the MA(99) at $90.8K. That’s been a strong resistance zone in the past, and bulls will need serious volume to push through it.
Over on the 4-hour chart, there was a nice mini-surge to $88.5K before some sell pressure kicked in. Now BTC’s consolidating, holding support above $86K — healthy so far. This kind of sideways action after a pump usually means the market’s catching its breath.
Meanwhile, the weekly chart is starting to look optimistic. BTC reclaimed its 7-week MA for the first time in weeks — subtle but significant. It’s not breakout mode yet, but the foundation is there.
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Why It’s Bullish (For Now) 1. Volume supported the move 2. RSI isn’t extreme — still room to grow 3. Higher lows forming on multiple timeframes 4. Price structure is cleaner than we’ve seen in weeks
It’s quiet strength, not hype. That’s often where the real moves begin.
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What Could Flip the Script 1. Rejection at $90.8K = possible pullback 2. RSI on the daily is creeping above 70 — may trigger a short-term cooldown 3. A drop below $84K would break the current bullish structure
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Potential Entry Zones 1. $85K–$86K: Healthy pullback zone 2. $83K: Deeper dip buy, but only if volume confirms support 3. Breakout above $88.5K: Possible entry if backed by strong momentum
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Take-Profit Ideas > TP1: $88.5K (previous local high) > TP2: $90.8K (MA99) > TP3: $92K+ if BTC clears resistance cleanly
Set trailing stops if you’re riding momentum — don’t overstay.
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