Bitcoin has rallied 13% over the week, pushing its price to around $86,000 and entering a major resistance zone between $86,000 and $89,000. This zone aligns with the realized prices of several holder cohorts, including the 18-month-to-2-year cohort around $88,000 and the 6-to-12-month cohort near $90,000. A bearish divergence on the RSI indicator suggests upward momentum is weakening, which could trigger a pullback toward support between $80,000 and $82,000. A decisive daily breakout above $89,000 would invalidate the bearish divergence and reinforce the bullish continuation scenario, while a rejection would maintain the current resistance confluence.
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