Bitcoin: Trades Above $85,000 Highest Since January
Bitcoin hits $85,000, its highest since late January, with current price at $85408.27 amid bullish EMA support and overbought RSI on 4h chart.
SourceAnalysis
Bitcoin climbed above $85,000 on Monday, marking its highest level since late January.
Price action sits at $85408.27 with the 4h structure locked in a bullish trend above EMA50 at $79585.37 and EMA200 at $75742.53. MACD registers a strong 1404.01 golden cross while RSI at 84.48 signals overbought conditions at the upper Bollinger Band resistance of $84355.25. Traders now watch for a healthy retracement toward the 50-EMA support before any continuation higher.
Over the past six months BTC has steadily reclaimed ground from sub-$70,000 lows, driven by institutional flows and macro tailwinds. This move aligns with ongoing BTC price prediction models that flag further upside once volatility contracts.
CNBC
@CNBCCNBC delivers real-time financial market coverage and business news updates. The channel provides expert analysis of Wall Street trends, corporate developments, and economic indicators. It features insights from top executives and industry specialists, keeping investors and business professionals informed about money-moving events. The coverage spans global markets, personal finance, and technology sector movements.
Premium Sponsors
.jpg)