Bitcoin Wyckoff pattern eyes $85K, but BTC price must close the week above this level first

Bitcoin first needs a weekly close above the $71,300 mark to confirm a likely price breakout to new all-time highs.

A key technical chart pattern suggests that Bitcoin (BTC) price could be headed to the $85,000 mark, but the world’s first cryptocurrency needs a weekly close above $71,300 to confirm more upward momentum.

Technical analysis using the Wyckoff method points to a potential Bitcoin price breakout to the $85,000 mark, according to crypto analyst Mikybull.

Related: M2 money supply ‘holds the key’ for Bitcoin’s next move — Market analyst

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Bitcoin first needs a weekly close above the $71,300 mark to confirm a likely price breakout to new all-time highs.
A key technical chart pattern suggests that Bitcoin (BTC) price could be headed to the $85,000 mark, but the world’s first cryptocurrency needs a weekly close above $71,300 to confirm more upward momentum.Technical analysis using the Wyckoff method points to a potential Bitcoin price breakout to the $85,000 mark, according to crypto analyst Mikybull.Related: M2 money supply ‘holds the key’ for Bitcoin’s next move — Market analystRead more