$BTC Bitcoin (BTC) price approaches its key resistance level at $85,000 on Monday; a breakout indicates a bullish trend ahead. Ethereum (ETH) and Ripple (XRP) found support around their key levels last week, suggesting a recovery is in the cards.

Bitcoin could rally toward $90,000 if it breaks above its 200-day EMA 

Bitcoin price broke and closed above its descending trendline (drawn by connecting multiple high levels since mid-January) on Friday and rallied 2.22% the next day. However, on Sunday, it faced rejection at the $85,000 level, which coincides with the 200-day Exponential Moving Average (EMA) and the daily resistance level. At the time of writing on Monday, it trades at around $84,000. 

If BTC breaks and closes above $85,000, it could extend the rally to the key psychological level of $90,000. A successful close above this level could extend an additional rally to test its March 2 high of $BTC