Bitcoin Soars to $82,300: Next Stop Could Be $90,000

Bitcoin has surged to new heights after bouncing from around $62,000 to as high as $82,300. While there's a possibility of a pullback into the Fibonacci zone between 0.618 and 0.786, the current price action suggests that buyers will step in before it gets that low.

The key levels to watch are the 0.382 Fibonacci level, a nearby fair value gap (FVG), and the recent high around $82,300. Staying above these levels could open up a move towards $86,000 and $90,000.

According to TradingView, Bitcoin's price movement is being measured using a 19-day range, from about $62,000 to $81,000-$81,400 in August. This range helps traders understand how far Bitcoin might pull back.