BITCOIN POTENTIAL TO $85k 📈📉

Bitcoin Wyckoff Pattern Points to Potential $85K Price Target, But a Crucial Weekly Close is Needed. $BTC

Bitcoin (BTC) looks poised to reach a new all-time high if the crypto leader can close the week above a key level.

According to a key technical chart pattern “Wyckoff,” Bitcoin could rally to a new all-time high of $85,000 if it can close the week above $71,300. Notably, the Wyckoff pattern is named after Richard Wyckoff, a technical analysis pioneer in the first half who broke down the market cycle into four distinct phases.

This pattern was highlighted by crypto analyst Mikybull who explained the current market cycle. “Bitcoin Wyckoff’s playbook is still in play. SOS will soon bring it to $85k,” noted the analyst. Confirming this outlook, crypto analyst Rekt Capital, in a YouTube video stated that to confirm more upward momentum, BTC needed to close above 71,300.

Information: crypto adventure