$BTC FOMO Returns — Can Bitcoin Break Back Above $84,000? Bitcoin has experienced significant volatility after the latest U.S. CPI release, but today’s unfavorable U.S. data triggered only limited bearish pressure. After briefly moving below the 50_SMA(Daily), Bitcoin has recovered with strong momentum. Technical Analysis Bitcoin is now attempting to reclaim the Resistance Zone($82,950-$81,950) and break above the key $81,700 trading level. FOMO is clearly visible, but chasing strong momentum candles can significantly increase risk. I would prefer to wait for a correction and a proper Long trigger. From an Elliott Wave perspective, the latest 1-hour momentum could signal the beginning of new Impulsive Bullish Waves. A confirmed breakout could target the Cumulative Short Liquidation Leverage($83,680-$83,150), followed by $83,860 and potentially $84,000. Stop Loss(SL): $79,980(Worst) Which level will Bitcoin reach first: $83,860 or $79,980? If you found this analysis useful, follow for more.