$BTC Bitcoin price trades at $84,550 at the time of writing on Thursday, extending the correction for the third consecutive day. Despite the pullback, BTC maintains a bullish near‑term bias as it holds well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) clustered between roughly $73,000 and $76,000.
The broader uptrend remains intact, with the Relative Strength Index (RSI) around 62 on the daily chart, pointing to firm but not extreme bullish momentum. At the same time, the Moving Average Convergence Divergence (MACD) histogram stays in positive territory, suggesting upside pressure remains despite the recent decline from the latest highs.
On the topside, initial resistance emerges at the horizontal barrier near $85,000, where a clear break would open the way for a higher rise into the $100,000 mark.
On the downside, immediate demand is expected around the current price area, followed by stronger structural support at the 50-day EMA at $76,096, the 200-day EMA at $73,858 and the 100-day EMA at $73,060. A deeper retracement toward the horizontal floors at $66,500 and $62,300 would still leave the broader bullish structure intact but signal a more extended corrective phase.
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