- Bitcoin eyes $91K as RSI shows bullish divergence
- BTC holds key support while testing downtrend line
- Long-term forecast sees Bitcoin hitting $1.8 million
Bitcoin has shown renewed momentum after recovering from recent price corrections. As it trades near crucial resistance, analysts observe patterns that may lead to a further rise. Market sentiment is shifting alongside key technical levels and macroeconomic developments.
Bitcoin Holds Above Key Support While Approaching Resistance
Bitcoin has bounced back from a five-month low of $74,773 and is now trading near $83,500. This comes after a 90-day trade tariff pause announced by U.S. President Donald Trump, which briefly lifted market sentiment.
The crypto market responded with a sharp rally, as BTC climbed 13% from early-week lows.Analyst Ali Martinez stated that Bitcoin is “slicing through key resistance at $82,360.” If the price holds above this level, it may move toward $91,500.
Meanwhile, analyst Rekt Capital said BTC is compressing between the $78,500 support and a long-term descending trendline. This condition often leads to stronger price moves once a breakout occurs.
Analysts Forecast Long-Term Growth Toward $1.8 Million
Joe Burnett from Unchained Research said Bitcoin may reach $1.8 million by 2035. Speaking during a live session, he referenced two price models, including Michael Saylor’s, which targets $2.1 million within the same period. Both forecasts assume BTC will eventually match or exceed gold’s $21 trillion market value.
Burnett also mentioned that low price periods often shift coins to strong holders. He noted that these phases are usually followed by sustained rallies. Meanwhile, BTC’s RSI recently formed a bullish divergence. This pattern has historically preceded trend reversals and may support further upward movement if confirmed.
As BTC attempts to hold above $82,360, traders are watching closely for a breakout toward $91,500. Broader market conditions and ETF flows remain important to the next phase of price direction.
