BTC Monthly Breakout: $85K Next or Bull Trap? Selling Wall Crumbling

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Bitcoin just broke out of the trend line capping price since November 2024, hitting RSI 70 for the first time in 110 days — and the selling wall above $82K is far smaller than the wall that stopped Bitcoin at $98K. The Trading Parrot breaks down the MACD bull cross, aggregated open interest signals, and the monthly CPR forecast that called $82K back in April. Is $85K–$91K next, or is this a bull trap? Watch now to find out.
00:00 Bitcoin breaks Nov 2024 trend line with RSI hitting 70
00:43 CPR May first resistance: $82K milestone hit
02:23 CME ascending wedge bearish pattern forming
03:00 Aggregated open interest bullish higher highs structure
06:32 MACD daily bull cross confirmed
08:05 RSI 70 breakout analysis and bearish rejection risk
11:37 Short position sizing: less than 20% allocation
13:55 Daily RSI 82 allowed in bear market: correcting misconception
17:09 Weekly RSI bear market channel and $91K target validity
20:46 CPR May $82K forecast fulfilled
22:09 Order book: selling wall smaller than at $98K
26:54 Longs at 32.8 low, negative funding rates signal upside
#Bitcoin #BTC #BitcoinAnalysis #CryptoTrading #BitcoinBreakout