Bitcoin Price Surges: Next Bull Run

Bitcoin Price Gears Up for Next Leg Higher

• Bitcoin price is trading above $84,500 and the 100 hourly Simple Moving Average.
• A break occurred above a bearish trend line with resistance at $84,650 on the BTC/USD hourly chart.
• The immediate resistance level is near $85,200, close to the 61.8% Fibonacci retracement level.
• Key support levels are $84,500 and $83,200.
• The major resistance levels are identified at $85,200 and $85,500.

Bitcoin’s price is showing signs of recovery as it trades above critical support levels. The next significant hurdle for continued upward movement is breaking past the $85,200 resistance zone.