Bitcoin price faces $85,200 resistance after $87K retreat

Bitcoin’s 4-hour chart puts $82,665 in focus

Bitcoin’s latest 4-hour candle on the TradingView chart fell from an open near $84,358 to roughly $83,032. Its low reached $82,910, bringing the price close to the lower Bollinger Band at $82,665. The middle band stood at $83,932, while the upper band was near $85,198.

A recovery above the middle band would put $84,000 back in play before Bitcoin tests the $85,000–$85,200 area. The recent high near $87,400 would remain a further hurdle. Bitcoin’s attempts to rebound during the past several sessions have stalled below that high.

The 4-hour average directional index, or ADX, stood at 12.39. ADX measures the strength of a trend rather than its direction, and the low reading indicates that the earlier upward move has lost strength on this timeframe. Price has moved back and forth around the middle Bollinger Band since the initial drop from the weekly high, before the latest move toward the lower band.

On the daily chart, the broader moving-average structure remains above its longer-term measures. Bitcoin traded above the 20-day average at $80,944, the 50-day average at $76,883, and the 100-day average at $70,135. The 200-day average stood near $71,235.