Bitcoin just passed $86,000, the market seems to remain confident.
Yesterday, I announced in my article a significant resistance area around $85,000. This area has just been passed without difficulty by Bitcoin in a few hours. Be careful, however, it is possible that some long-standing investors will take partial profits on different levels of symbolic price such as $85,000, $90,000 or $100,000. If the market is relatively euphoric, a potential revival of sellers on these price levels can not be excluded.
The RSI currently shows a rise for Bitcoin to 74, suggesting that we still have margin to buy. However, if the index level rises to 80, this could trigger a sell-off trend.
It currently has no major price resistance zone. We are entering a zone of discovery or the market will evolve in unknown ways. Beware of FOMO. Long-term investors will be more likely to keep a cool head, but for newcomers, this period can be both profitable and risky.
