Latest Update
7/30/2026 12:00:00 PM

Bitcoin: $68K Break Targets $85K MA

Bitcoin: $68K Break Targets $85K MA

Bitcoin holds above key MAs at $64,914 with $68,000 breakout eyed for $85,000 50-week MA target after FOMC and geopolitical moves.

Source

Analysis

Bitcoin faces a pivotal test at the $68,000 zone according to trader @CryptoMichNL, with a clean break opening a rapid advance toward the 50-week MA at $85,000 in coming months. The move follows the FOMC decision and Trump's Iran announcement, leaving BTC resilient above major moving averages. Bitcoin price prediction models now focus on this resistance cluster as the next catalyst for upside continuation in a market showing no signs of crypto market crash pressure.

At $64,914.9 the 4-hour chart maintains a bullish trend structure with price above both EMA50 at $64,450.58 and EMA200 at $63,934.29. Momentum remains constructive as the MACD registers a golden cross at -31.99 while RSI at 57.13 stays neutral, leaving room before overbought conditions. Trading inside the Bollinger Bands, BTC sits below upper-band resistance at $65,215.96, so a push through that level would likely accelerate toward the $68,000 handle before any deeper retracement tests the EMA50 confluence.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast