Bitcoin (BTC) Breaks Key Resistance: Aiming for $85,000 Next
Bitcoin Breaks Out
Bitcoin price has benefited from sustained accumulation by investors, leading to a decrease in supply on exchanges. This signals a positive market sentiment anticipating a price surge.
Bitcoin Wyckoff Pattern
Technical analysis reveals validation of the Wyckoff pattern by Bitcoin, indicating a bullish trend and potential upcoming rally.
BTC Price Prediction: Another Rally Next
Based on a symmetrical triangle trading pattern, Bitcoin's short-term target is projected to be $85,000 with a breakout expected to fuel a substantial price movement.
Bitcoin LTH Profit Taking
However, a risk remains as historical trends show that post-all-time highs, long-term holders tend to secure profits, potentially causing a corrective price dip back to $60,000.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.