Bitcoin’s daily chart shows consecutive bullish candles with choppy consolidation and energy building; the bullish trend remains unchanged. Next week, the target is 85,000!

This week, Bitcoin overall presented a strong momentum yet oscillating consolidation structure. After the price stabilized around 78,000 at the start of the week, it rebounded based on support below. On Monday and Tuesday, it printed full-bodied bullish candles in succession, and at one point it surged to test the resistance zone above 82,800. Although on Thursday and Friday, at high levels, it met some selling pressure and saw a modest pullback. The bullish structure remains intact, building up for next week.

Overall, Bitcoin is currently in a consolidation-and-washout phase in an upward continuation. The main force actively pulls back after testing the previous high—its goal is to digest profit-taking and accumulate strength. Next week, focus on the support at 80,000 below and the midline at 78,500. As long as this area is not broken, the bullish trend will be irreversible. Once it effectively holds above 81,000 and breaks through the previous high of 82,800, the price will open up new upside space, directly targeting 83,500 and even 85,000.

Go long directly around 79,500; the first target is 82,900. If it breaks, then look toward 85,000.
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