BTC Breaks Free from Downtrend: Next Stop $72K

Bitcoin Shows Bullish Signs: Breaks Downtrend, RSI Rebounds, Targeting 85K and 90K

Bitcoin has recently displayed strong bullish signals in the market. It formed a bullish divergence and successfully broke its downtrend. The RSI (Relative Strength Index) has bounced back from oversold levels, indicating increasing bullish momentum.

To sustain this upward trend, Bitcoin now needs to surpass key resistance levels at $64,500 and $72,000. If these levels are breached, new targets of $85,000 and $90,000 come into focus, potentially marking significant milestones for BTC's price trajectory.

This combination of technical indicators suggests a bullish outlook for Bitcoin in the near term.