Bitcoin is currently trading around $86,000 to $86,300 after a strong recovery from September lows. Three concentrated resistance levels sit at $86,900, $87,700 and $88,000, with significant sell orders on perpetual futures at each of these thresholds. A decisive break above $86,900 would represent both a technical breakout and the absorption of a significant derivatives sell wall. The daily RSI has recovered toward the upper part of its neutral range without reaching extreme overbought levels, and Bitcoin remains well above its short- and medium-term moving averages, preserving the broader upward structure.
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