Monthly Bitcoin Breakthrough: Is $85K Coming or a Bull Trap? The Sell Wall Is Crumbling

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Bitcoin just broke out of the trend line that has been limiting its price since November 2024, reaching RSI 70 for the first time in 110 days — and the sell wall above $82K is much smaller than the wall that stopped Bitcoin at $98,000. The trading parrot explains the bullish MACD crossover, the accumulated opening signals, and the monthly CPR forecast that predicted $82K in April. Is $85,000–$91K next, or is this a bull trap? Watch now to find out.
00:00 Bitcoin breaks November 2024 trend line as RSI hits 70
00:43 First May resistance for CPR: $82K milestone reached
02:23 Formation of a descending bullish pennant pattern on CME
03:00 Structure of higher highs for accumulated opening
06:32 Confirmation of daily bullish MACD crossover
08:05 RSI 70 breakout analysis and the risk of downward rejection
11:37 Short position size identified: less than 20% of allocation
13:55 Daily RSI at 82 in a bear market: correcting the misconception
17:09 Weekly RSI bearish channel and validity of $91K target
20:46 May CPR forecast $82K confirmed
22:09 Order book: sell wall smaller than $98K
at 26:54, buy positions at 32.8 low, negative funding rates indicate upward movement
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