Bitcoin Recovery Stalls Below $89,500 as BTC Tests Key Channel Support and Resistance Levels

Bitcoin's latest rebound above $86,800 has stalled after buyers failed to hold above the $89,250 resistance, leaving the price consolidating beneath $89,000. BTC is trading above $87,500 and the 100-hour Simple Moving Average, with a rising channel support near $87,650 defining the short-term structure. A decisive move above $89,500 could open the way to $90,500 and higher, while a break below $87,000–$86,800 may trigger a deeper pullback toward $85,500 or even $84,400.