Bitcoin Price Forecast Reaches $85K as Breakout Point Holds

Crypto analyst Ali Charts predicts that Bitcoin's price will hit $85K next if buyers protect the price at the breakout point of $80,600.

This target is approximately 5.5% higher than support and approximately 3.3% higher than the mentioned peak of $82,280.

The analyst forecasts that Bitcoin's future outlook will revisit this price level if buyers hold onto the breakout level as support.

BTC has broken out of a parallel channel on the hourly chart after clearing the $80,600 resistance and rallying to $82,280.

If $80,600 holds, it is expected that Bitcoin's price will continue surging.