Bitcoin

Key insight

85,000 reclaimed intraday — sustaining above this level targets 88,500 swing high, then 92,000 range top. Failure to hold 83,200 50-day MA flips setup bearish.

+5.1% surge reclaims 85,000 round-number resistance on broad risk-on tone — S&P 500 +0.7%, Nasdaq +1.1% confirm macro tailwind; next key test is the 88,500 prior swing high.

Main risk

Rejection at 88,500 Swing High

88,500 capped three rally attempts in prior months; a fourth rejection here risks a sharp mean-reversion back toward the 80,000–83,200 support band.