$BTC is attempting to break through the key resistance level at $85,000, which it failed to surpass yesterday after forming a short-term bearish trend.

The price is consolidating just below this level, showing buying pressure but lacking confirmation.

Technical indicators support a potential bullish breakout: the price is trading above the EMA7 and EMA25, indicating short-term upward momentum, and a bullish crossover between EMA25 and EMA99 is forming.

The MACD lines are converging with a possible bullish crossover soon, while the RSI at 62 suggests there's still room for upward movement before hitting overbought territory. If the price successfully closes two hourly candles above $85,000, a quick move towards $92,000 is likely.

However, if resistance remains strong and a rejection occurs again, a correction towards the $78,800 support zone is expected before a potential bounce to $92,000. In both scenarios, the $92,000 target remains probable—either directly or after a healthy pullback.