Bitcoin Faces Make-or-Break Resistance at $87,200

There is a very important level coming up for the top cryptocurrency. This could be the key to either making or breaking a potential breakout for the most recent bounce. On the other hand, it could also just be the next consolidation spot.

Some analysts are pointing out a key resistance level to watch for at $87,200, which could be important for Bitcoin bulls.

Interestingly enough, the $87,200 level seems to coincide with some previous local high levels for Bitcoin.