Bitcoin Price Outlook: Bulls Push Towards $85K

Recent bullish momentum in Bitcoin (BTC) has pushed prices above $79,000 and signals a potential breakout towards the $85,000 mark. Charts are showing signs of a strong upward trend with key indicators confirming this shift. 3 technical patterns – W-shaped double bottom, bullish engulfing candle, and rounding bottom – suggest a reversal in progress. The Bollinger Bands also indicate a rising bullish bias, with potential volatility expected as BTC breaks above the $83,761 resistance. Short-term technical indicators such as the EMA crossover and RSI are further supporting this uptrend. While the market structure supports a bullish continuation, challenges remain at the key resistance level near $83,761. A breakout here could propel BTC toward $85,500 with volume confirmation. If not, consolidation between $79,000 and $81,000 is likely.