Bitcoin: Rises Above $85,000 in Sharp Rally
Bitcoin hits $85,229 high, trades at $84,256 up 3.8% as BTC extends rally; 4h chart shows RSI 83.8 overbought at upper Bollinger resistance.
SourceAnalysis
Bitcoin rose above $85,000 on Monday, touching an intraday peak of $85,229, its highest level since late January, while trading at $84,256 around 06:35 a.m. ET for a 3.8% gain per CoinMetrics data.
This price action fuels fresh BTC price prediction upgrades and underscores sustained crypto market momentum. With price testing upper Bollinger resistance at $84,253 while RSI flashes overbought at 83.8, a healthy retracement to the 50-EMA support at $79,573 seems probable before further continuation, even as the MACD golden cross at 1,379 keeps the broader bullish structure intact above the 200-EMA at $75,739.
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