Bitcoin Price Analysis: Is BTC Running Out of Steam After Another Rejection at $87K?

Key Summary

Bitcoin's price is trading around $85.2K, near the lower boundary of the $86K–$90K resistance zone, after recovering from its late-September pullback. The asset has defended the $83K–$84K area and pushed the price back toward recent highs, with a relatively shallow correction suggesting resilient demand. A sustained move above the recent $87K–$87.5K highs could allow Bitcoin to advance further into the $88K–$90K resistance area, clearing the broader zone toward the $94K–$98K supply region. Conversely, another rejection followed by a loss of the $83K support area would increase the risk of a deeper correction, with the $75K–$78K demand zone serving as the main support below.