$126K trendline emerges as a key hurdle for Bitcoin’s gains

Bitcoin Falls Below $88K as Trendline Resistance Holds

Bitcoin (BTC $87,244.29) failed Monday to sustain gains, retreating below $88,000 after hitting a key descending trendline.

The trendline, drawn from October’s $126,000 record high and connecting peaks such as $116,400, blocked BTC’s attempt to break above $90,000. This reinforces the fourth-quarter “staircase-down” pattern, producing another “lower high” and signaling renewed selling pressure.

Immediate support is seen at $84,000–$84,500, with the November low near $80,000 as a secondary floor.

A decisive breakout above the trendline is required to restore bullish momentum. If achieved, especially alongside a weakening dollar index, Bitcoin could target $100,000.