$BTC Above $85K đ â Can Bitcoin Break $87.5K Next?
Bitcoin is back above $85K and testing the upper end of its recent breakout. The key question now is whether BTC can hold the breakout zone or cool off before another move.
đ Key Levels ⢠Resistance: $87.3Kâ$87.5K
⢠Breakout confirmation: Above $87.5K
⢠Upside watch zones: $90K â $92K
⢠Support: $84.8Kâ$85K
⢠Major support: $81.7Kâ$83K
đ Momentum BTC's recent rally has been strong, but current RSI readings are approaching/around overbought territory, so short-term pullbacks are possible.
đ Bullish scenario: Holding above the $84.8Kâ$85K area and breaking $87.5K would strengthen the breakout structure.
â ď¸ Pullback scenario: Losing the $84.8K area could bring the $81.7Kâ$83K support region back into focus.#BTC
Bitcoin is back above $85K and testing the upper end of its recent breakout. The key question now is whether BTC can hold the breakout zone or cool off before another move.
đ Key Levels ⢠Resistance: $87.3Kâ$87.5K
⢠Breakout confirmation: Above $87.5K
⢠Upside watch zones: $90K â $92K
⢠Support: $84.8Kâ$85K
⢠Major support: $81.7Kâ$83K
đ Momentum BTC's recent rally has been strong, but current RSI readings are approaching/around overbought territory, so short-term pullbacks are possible.
đ Bullish scenario: Holding above the $84.8Kâ$85K area and breaking $87.5K would strengthen the breakout structure.
â ď¸ Pullback scenario: Losing the $84.8K area could bring the $81.7Kâ$83K support region back into focus.#BTC
