Bitcoin: Surges Above $84,500 as Market Adds $815 Billion
Bull Theory reports Bitcoin surging above $84,500 while Ethereum reclaims $2,500, with the crypto market gaining $815 billion since July lows for a 40% increase.
SourceAnalysis
Bitcoin surges above $84,500 and Ethereum reclaims $2,500. The crypto market has added $815 billion since its July lows, a 40% jump, according to Bull Theory.
Price tests upper Bollinger resistance at $84014.09 with RSI(14) at 68.65 while the MACD golden cross holds; a healthy retracement toward EMA50 support at $82457.5 looks probable before continuation in the bullish structure.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.