Bitcoin: Trader Eyes $83K Exit on Continuation

Bitcoin still holds multiple levels to break higher according to @CryptoMichNL, who dismisses bear market calls and targets swing entries near $70-72K with partial exits above $83K.

Price action at $77283.06 sits inside Bollinger Bands with upper resistance at $81296.06 while RSI(14) at 79.93 signals overbought conditions and MACD shows a death cross at 3047.72. With price testing upper Bollinger resistance at $81296.06 while RSI flashes overbought at 79.93, a healthy retracement to the 50-EMA support at $69930.36 seems probable before further continuation, keeping the EMA200 at $65866.22 as deeper structural floor. This setup aligns with Bitcoin swing trading strategy calls that favor dips toward the $70K zone amid the broader 2025-2026 recovery phase.