BTCUSD breaks the resistance line and signals bullish momentum ahead. The bullish bias is confirmed as BTCUSD has broken out above a descending trendline resistance that has held since February. A strong bullish candle recently closed above the $84,000 zone, clearing the previous swing highs and confirming a structure shift. The price has formed a higher low near $74,420 and continued upward movement from there, supported by the bullish divergence on the RSI. The $85,010 level now serves as immediate resistance, with the next key level to watch being the psychological $100,000 mark.

Looking ahead, BTCUSD appears poised to continue its bullish momentum as long as it holds above $83,750. A successful close above the $85,000 could pave the way for a rally toward $100,000 in the near term. If this level is breached with strong volume, further gains toward the $108,390 range could follow. However, a break back below $79,800 would invalidate this bullish scenario and may signal a deeper retracement.
BTC Key Levels
Supply Levels: $85,010, $100,000, $108,390
Demand Levels: $74,420, $66,780, $53,500
What are the indicators saying?
The RSI (Relative Strength Index) currently sits at 51.99, rising gradually from recent lows and confirming a bullish divergence that previously formed near the $74,420 support area. This momentum shift aligns with the price trading back above the 9-day SMA, currently around $83,750, suggesting that buyers are gaining strength. The moving average has also flattened out, indicating the end of the previous downtrend and the potential start of a bullish phase.
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