Bitcoin Breaks Through Resistance, Eyes $83K Target

After experiencing a dip in price, Bitcoin is on the rise once again. According to analysts, this uptrend confirms that we are still in the wave three extension, which means more upside could be on the horizon.

The market has broken through the upper line of a base channel, a key indicator for investors and traders. While there may be some near-term resistance around 78/80k, the overall trend suggests continued growth.

Support levels are in place at 75465 and 72k, where the price can expect to find stability before continuing its ascent into wave 5 of 3 towards $83K.