Bitcoin nears $87,440 as $88,600 cap holds; traders eye $92,500 breakout setup

Bitcoin trades around $87,440 after a 1.35% 24-hour decline, with price compressing inside a descending channel rather than breaking down. Resistance sits at $88,600 with follow-ups at $90,500 and $92,500, while support holds at $86,300 and $84,450. Momentum remains neutral as RSI hovers near 47–50 and EMAs cluster around $87,800–$88,500.