Bitcoin Price Recovery Faces Crucial Test at Major Resistance Zone

Bitcoin price attempted to start a fresh increase but failed at $89,250. BTC is now consolidating below $89,000 and might react to the downside.Bitcoin started a recovery wave above the $86,800 zone.
The price is trading above $87,000 and the 100 hourly Simple moving average.
There is a key rising channel forming with support at $87,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move up if it settles above the $89,500 zone.Bitcoin Price Faces Resi