Bitcoin Next Move Will Shock You! $90K or $75K Next? BTC Analysis
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Is Bitcoin about to break out to $90K or drop back to $75K? In this Bitcoin technical analysis I go through the BTC daily chart, the RSI and the Stochastic RSI, and show you the exact levels I'm watching for Bitcoin's next move.
Bitcoin is sitting right on the $81K support, the same pattern we saw before the August breakout (+20% in a couple of days) and the September rally from $75K to $87K in just 5 days.
What I cover:
- Why I only use the daily chart right now (4H and 1H are too choppy)
- The August and September playbook: RSI bottoms at 42 and 47 in a bull run, Stochastic RSI crossing up from below 20
- Where we are now: $81K support, RSI at 46, Stochastic RSI oversold, 50-day moving average at $81,360
- The bearish RSI divergence: why I think it already played out ($87K to $81K)
- Bull case: break above $87K into the early $90s in the next 1 to 2 weeks
- Bear case: daily closes at $79K-$78K, then $75K first target and $67K below
- My plan: no futures trade inside the channel, spot DCA around $81K with a stop loss at $78K