Bitcoin Rise Strongly—Momentum for Seeing Next Growth Potential

Bitcoin is continuing its upward trend and has now surpassed the $87,500 mark. With the current momentum, BTC could soon conquer the important resistance level at $88,800 and extend its rise to higher levels. The Rise is Maintained Steadily After finding strong support at the $85,000 area, the price of Bitcoin has started to recover. BTC has successively surpassed important resistance levels at $85,500 and $86,200, marking the return of strong buying pressure in the market. Currently, BTC is trading above the level of $87,500 and the 100-hour simple moving average (SMA 100). On the hourly chart of the BTC/USD pair, there is a clear upward trend line with support around the $87,300 area, indicating that market sentiment is leaning towards the bulls. Resistance Levels to Note Nearest resistance level: $88,600 First important resistance level: $88,800 Next resistance level: $89,500

If BTC closes steadily above the resistance level of $89,500, the bullish trend could be further strengthened and push the price towards higher levels such as $90,500 or even $92,000 in the short term. Price Adjustment Ability However, if it cannot maintain the rise above $88,800, BTC may experience a slight correction. The nearest support level in this case is at: Initial support: $88,000 Important support: $87,600 ( corresponding to the 50% Fib retracement level from the low of $86,400 to the high of $88,800 ) Next strong support: $86,800 and $86,400 Final support level: $85,500 The loss of the $85,500 level could weaken the short-term upward structure. Technical Indicator MACD: Still in the positive zone, indicating that the upward momentum is maintained. RSI ( Relative Strength Index ): Above the 50 threshold, confirming the bullish momentum. Summary Bitcoin is clearly showing positive signals as it maintains above $87,500 and continuously tests the resistance level of $88,800. If the rise continues, BTC could potentially target the price range of $90,000–$92,000 in the near future. However, investors need to closely monitor the support levels below to guard against the possibility of a short-term price adjustment.