Bitcoin: Surges Above $85,000 First Time Since January

Bitcoin surges above $85,000 for the first time since January, reaching $85,857.48 on the 4h chart.

BTC maintains its bullish trend structure above both EMA50 at $79,602.99 and EMA200 at $75,747.0 while MACD registers a golden cross at 1,439.84. With price testing upper Bollinger resistance at $84,509.04 while RSI flashes overbought at 85.36, a healthy retracement to the 50-EMA support at $79,602.99 seems probable before further continuation.