Bitcoin Price Surges Above $83,500, Targets $85,500 Resistance
Bitcoin Price Update
- Bitcoin price increased above $83,500.
- Currently trading above $83,000 and the 100-hourly Simple Moving Average.
- A bullish trend line is forming with support at $84,200.
- Potential for further gains if resistance at $85,500 is cleared.
Resistance and Support Levels
- Immediate resistance near $85,000; key resistance at $85,500.
- Next major resistance levels are $86,200 and $87,500.
- Support levels include $84,200 and $83,200.
- Main support located at $80,800.
Technical indicators show a bullish MACD and RSI above 50, suggesting upward momentum.