Will Bitcoin Reclaim $85,000 Next? Daily Chart Confirms Breakout
BeInCrypto
Bitcoin has reclaimed the $80,000 level, with technical indicators and analyst sentiment pointing toward $85,000 as the next major resistance target.Summary
Bitcoin has successfully surpassed $80,000, ending a three-month price stagnation. Technical analysis on the daily chart shows a bullish breakout from a descending trendline, supported by positive RSI and MACD indicators. Analysts, including Michael van de Poppe, note that strong institutional demand via spot Bitcoin ETFs is fueling this momentum. While the daily outlook remains optimistic with targets near $85,000 to $88,000, lower timeframes suggest a potential retest of the $75,000 support level if the current move fails to hold, making the immediate 48-hour period critical for price direction.
(Source：BeInCrypto)