The technical analysis indicates that Bitcoin is facing strong resistance near the $85,500 level, and significant support at $78,000.
Breaking through these levels could open the door to a new wave of increases, especially with the growing interest of institutional investors in the crypto market.
It is noted that recent economic data, such as the Consumer Price Index (CPI) and unemployment claims, are being closely monitored by investors due to their direct impact on risk appetite in the markets.
The market is in a noticeable expansion... and indicators suggest big movements are coming.