Bitcoin’s latest push above $87,000 failed to hold, leaving BTC trading around the mid-$84,000s after hitting an intraday high of $87,128 on October 2. The rejection has put the spotlight on a key volume-profile area that analyst CryptoCon says could keep Bitcoin trapped for now.
According to CryptoCon, Bitcoin has entered a major resistance zone between $84,000 and $98,000, where a large amount of historical trading activity has occurred. High-volume zones like this often create significant supply because many traders previously bought or sold in the region, making price advances more difficult.
He believes a decisive move above $98,000 would change the picture completely, opening a path with much less resistance toward new all-time highs. Until that happens, BTC may struggle to escape cleanly and could eventually slide back toward lower support.
The next major support region sits between $57,000 and $80,000, an area CryptoCon considers strong because of its heavy historical volume. His base case suggests Bitcoin may revisit at least part of that range, even if it does not fall all the way to $57,000. If that support fails, he highlights roughly $47,000 as the next major level in a deeper bearish scenario.
For now, Bitcoin is caught exactly where CryptoCon expected the real resistance to begin. If BTC can reclaim the upper-$80,000s and push toward $98,000, the bearish setup would weaken; if it keeps failing inside the zone, a move toward the $57,000–$80,000 range becomes harder to ignore.
