Bitcoin: Breakout Clears Structural Resistance

Bitcoin smashed through a cluster of technical and structural resistance, confirming the breakout that @MI_Algos highlighted in the September 21 analysis. The move aligns with the intact 4-year cycle theory as Q4 approaches, shifting focus from narratives to order flow and chart structure that differed from prior failed attempts.

With price testing upper Bollinger resistance at $86163 while RSI flashes overbought at 86.42, a healthy retracement to the 50-EMA support at $80136 seems probable before further continuation, especially as the MACD golden cross at 1849 reinforces the bullish EMA50 and EMA200 alignment above $75956. Traders now eye support tests for entry as the cycle bottom confirmation nears.