Bitcoin’s short-term price action continues to support a bullish outlook, with a potential move toward the $85,000 region.
Price is once again making a clear attempt to break above the $72,000 level — a zone that carries both technical weight and strong psychological significance in the current market environment.
On the 4-hour timeframe, the trend indicator has flipped green for the first time since
$BTC was trading near $91,000. This shift signals a recovery in short-term momentum after an extended period of weakness.
Capital inflows are beginning to show signs of improvement, though not yet strong enough to confirm a broader macro trend reversal.
If bulls secure a decisive breakout above $72,000, the next likely resistance to test sits around $76,000.
Based on technical projections from an ascending triangle pattern, the measured expansion target points toward the $85,000 area, aligning with the model’s theoretical range.
On the downside, a true bearish reversal would only be confirmed if price breaks below the major trend support near $65,000. Until that level is lost, the current structure continues to favor buyers, giving them a short-term edge .
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