[Analysis: If Bitcoin Stabilizes at $87,000, It Could Open the Door for Testing Higher Levels] BlockBeats News, October 6 – FxPro analyst Alex Kuptsikevich stated that since September 23, Bitcoin has encountered resistance near $87,000 for the third time. From a technical perspective, Bitcoin has been forming a trend of "higher local lows" since early last week, but the bulls have yet to generate sufficient upward momentum. Currently, it is approaching the apex of a triangular pattern formed by a horizontal resistance line and an ascending support line. If the price breaks out of this pattern, the market could experience higher volatility. If the bulls can absorb the selling pressure at this level and push Bitcoin to stabilize at $87,000, it would indicate that the selling pressure at this position is weakening and could open the door for Bitcoin to challenge its nearly 8-month high. [Original Link]