Alex Dudov
⬤ Bitcoin's holding steady above $85,500 after bouncing back over the weekend, and traders are now wondering if it can push even higher. The price staying above this level keeps the door open for a move toward $88,500. The chart shows BTC trying to rebuild after taking a hit earlier this week.
⬤ Here's the thing – weekend price action usually doesn't last, and that's got some people skeptical. But Bitcoin managed to climb back above $85,500 anyway, and that level's now the key line between staying flat and actually gaining strength. Right now, BTC's trading around $85,900 after steadying out from a rough stretch that saw it drop below $83,000 before recovering.
⬤ If Bitcoin keeps this going, the next stop everyone's watching is $88,500. Recent candle patterns show some short-term strength building, though the market's still pretty jumpy with lots of intraday swings. The big question traders are asking: can BTC actually break toward that upper resistance zone, or will losing $85,500 bring the sellers back?
⬤ Why this matters: Bitcoin defending this support level in a volatile environment affects confidence across the whole crypto market as November winds down. If it stays above $85,500, sentiment could stabilize for other major cryptos too. But any fresh weakness might make people more cautious, especially when liquidity patterns and weekly timing tend to make market moves bigger.
Alex Dudov
