German analytics firm says: “If Bitcoin surpasses $75,000, it could rise to $86,000”

The cryptocurrency analytics firm MakroVision has released a new assessment of Bitcoin’s technical outlook. According to the report, the largest cryptocurrency remains in a consolidation phase, and the market is preparing for another breakout attempt.

According to MakroVision, after a sharp pullback to around $60,000, Bitcoin began a technical recovery. This upward movement brought the price back into a critical zone between $72,500 and $75,000. Analysts consider this range to be the first major resistance area for Bitcoin in the short term.

However, the report also notes that despite the current recovery, the overall market structure still suggests a cautious outlook. MakroVision pointed out that several key support levels were recently broken, and the series of lower highs formed in the medium term has not yet been invalidated. Therefore, the broader picture remains partially bearish.

The analytical firm also highlighted important technical levels. If the $72,500–$75,000 range is broken, the market could show a stronger recovery, potentially triggering an upward move toward $86,000 and even $91,700.

On the downside, analysts emphasized the importance of the broad support zone around $60,000, noting that the recent recovery began from a reaction at this level.

According to MakroVision, the key factor for the market in the short term will be whether Bitcoin can decisively break through this resistance zone. A strong breakout above this level could accelerate the recovery, while in the case of a rejection, maintaining the series of higher lows formed by the price will be crucial for preserving the market structure.

See also: "CryptoQuant analyst names a possible date for the next Bitcoin peak"

#Bitcoin (BTC) #Forecast

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