Bitcoin Breaks Out at $83.6K: Key Support and Resistance Levels to Watch

• Bitcoin’s $83.6K retest is in a make-or-break moment as holding support could fuel a rally, while a drop may signal a deeper pullback.
• Trader Tardigrade sees strong buying pressure, suggesting Bitcoin could climb higher if key support levels remain intact.
• Breaking higher above $83.6K could propel Bitcoin to $87K–$90K levels, but breaching the support could release out-of-the-blue price actions.

Bitcoin has broken out of an uptrend triangle on the 4-hour chart, testing the resistance level of $83.6K. Should it hold its support, alternatively pull back, it will determine the way forward for the market.

Critical Price Movements and Market Reaction

Bitcoin formed higher lows while consolidating under $83.6K before successfully breaking out. The price has since returned to retest this level, which now serves as a critical support zone. Analysts view this retest as a key moment for Bitcoin’s short-term trend.

According to Trader Tardigrade, Bitcoin’s price movement aligns with historical breakout patterns that have previously led to major rallies. He pointed out that consistent higher lows signal strong buying pressure, increasing the chances of further upside. If Bitcoin maintains support at $83.6K, he believes it could push toward higher resistance levels and continue its upward momentum.

Trader Tardigrade also noted that breakouts often see retests before confirming a trend reversal. He warned that losing support at $83.6K could send Bitcoin toward the lower trendline. This level is now the focus of traders looking for signs of either continuation or a pullback.

Technical indicators show that Bitcoin initially struggled with resistance before breaking out and retesting support. Trader Tardigrade emphasized that the ascending triangle is a strong bullish pattern, historically signaling upward trends. He added that holding above this level could boost market confidence and attract more buyers.

Future Outlook and Market Implications

If Bitcoin remains above $83.6K, traders will look to the next resistance levels to gauge momentum. Analysts believe the price action following this retest will determine if the breakout holds. The coming trading sessions will be crucial in shaping Bitcoin’s direction.

A strong close above $83.6K may lead to a test of $87K. Trader Tardigrade predicts that sustained momentum could drive Bitcoin toward the $90K psychological level, though failure to hold support could increase volatility and test lower price zones.