BTCUSDT is starting to show positive signs, but it is too early to talk about a change in the downtrend or a bullish rally. Strong resistance ahead.
Against the background of everything that is happening, from a fundamental point of view, bitcoin in general has withstood the blows quite well and is gradually beginning to recover, but the situation for the crypto community as a whole has not changed in any way, the promises are not yet fulfilled. Bitcoin's strengthening is most likely due to localized growth in indices and discussion of lower interest rates. But the focus is on the tariff war between China and the US, improved relations and lower tariffs could weaken bitcoin.
Technically, we see that the price is moving beyond the resistance of the descending channel. For a few days now, the price has been consolidating in front of the 86190 level, and we have chances to see a rise to the resistance of the 88800 range, from which the future prospects will already depend.
Resistance levels: 86190, 88800, 91280
Support levels: 83170, 78170
The price is slowly approaching the resistance 86190, consolidating without updating the local lows, forming a pre-breakout consolidation. There is a probability of a breakout attempt. Breakout and consolidation of the price above 86190 may give a chance to rise to 88800.
But, regarding 88800 we will have to watch the price reaction. A sharp approach with the purpose of primary testing of the level may end in a false breakout and correction.
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