The key points of this article:
Bitcoin is looking for direction after reaching resistance between $86,000 and $87,000, forming an ascending triangle.
Cara notes that altcoins such as Ethereum and Solana are testing their support zones, with indices close to critical resistance levels.
Bitcoin faces resistance at $86,000 to $87,000
Cara begins by revisiting Bitcoin, which resumed its upward trend after a period of consolidation at the end of September. This move brought it back to resistance between $86,000 and $87,000, which it has yet to break through decisively.
Since then, price fluctuations have narrowed and the lows have gradually moved higher. This pattern forms an ascending triangle, which Cara sees as favorable to further gains. However, this scenario needs confirmation: a brief break above resistance could also precede a downturn.
An analysis of total market capitalization excluding stablecoins shows a similar picture, with the market consolidating near resistance. Cara therefore emphasizes the importance of being patient and adjusting stop-loss limits on positions that are already open. She mentions $90,000 to $95,000 if resistance is broken, but also a retreat to $82,000 to $83,000 if the market fails.
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