? Bitcoin Surges to $85K! Next Stop: $90K? ?

Bitcoin is pushing higher, currently trading at $85,935.16 (+3.34%), with a 24h high of $87,453.67 and a low of $83,128.00.

output: Despite a slight slowdown from yesterday’s gains, Bitcoin (BTC) is still pushing higher. At the time of writing, BTC is trading at $85,935.16 and is up 3.34% for the past 24 hours.

The cryptocurrency hit a high of $87,453.67 and a low of $83,128.00. In the past 24 hours, BTC’s trading volume is 30,392.56 BTC for a total of 2.58B USDT.

BTC is currently trading above the key support levels at $85,000 and $83,500. However, if sellers return, these levels could offer some cushion. On the other hand, if buyers remain in control, then the resistance levels at $86,500 and $87,500 could serve as stepping stones for further gains.

The RSI is now in overbought territory, which suggests that a short-term correction could be due. However, the MACD is still bullish and shows no signs of slowing down yet.

Moreover, price is now approaching the upper boundary of the Bollinger Bands, which could either lead to a breakout or a pullback.

If BTC manages to stay above the crucial support level of $85,500, then we might see a continuation of the bullish scenario.

Trade Setup (If BTC keeps above $85,500)

Entry: Above $86,000

Targets: $87,500, $88,800, $90,000

Stop-Loss: $84,800

Bearish Scenario (If BTC falls below $85,000)

Entry: Below $84,500

Targets: $83,500, $82,800, $81,500

Stop-Loss: $86,000

Bitcoin is surging and broke through key resistance levels at $85,000. Next stop for BTC is $90K.

However, if rejection happens then a drop to $83K is possible. Volume and whale activity will determine the next move.

If BTC manages to break through the resistance at $87,500 then we might see a continuation of the bullish scenario.

On the other hand, if sellers return and push the price lower then we might see a drop towards the support level at $83,000.

Pro Tip:

Watch for institutional buying pressure — BTC moves fast at key levels!

Secure profits at resistance zones & adjust your stop-loss accordingly!

What are your predictions for BTC this week? Let us know in the comments below.