On the lower time frame, $BTC is still in an uptrend. After printing a higher high around 97,800, Bitcoin is now forming a higher low in the 87k–89k range.

At the moment, BTC is struggling to break above 90,800, which is acting as a short-term resistance. However, the weekly close remains the key factor to watch.

From a support perspective, BTC has strong confluence between 86,600–87,400, where multiple trendline supports are aligning. This zone is holding well so far.

If Bitcoin re-enters the channel and manages to close inside it, the next higher high is likely to form between 98,800 and 101,700 in the coming week, InshaAllah.

BTCUSDT

Perp

89,284.4

-0.28%

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