<ul><li>Bitcoin price started a revival surge, surpassing the $83,500 zone and stabilizing above $83,000 and the 100-hourly simple moving average. A connecting bullish trend line is forming with support at $84,500 on the BTC/USD hourly chart.</li><li>The price is pushing above resistance levels, reaching as high as $85,487, and currently securing gains above the 23.6% Fib retracement level. The next key resistance levels are $85,500 and $85,850, with the potential to test further levels at $86,650, $88,000, or even $88,500.</li><li>However, if Bitcoin fails to pass the $85,500 resistance, a new decline is expected. The immediate support levels are at $84,500 and $83,500, while major support rests at $82,000 and $80,500.</li><li>The hourly RSI for BTC/USD is currently above the 50 level, indicating a positive trend. The hourly MACD is losing pace in the bullish zone.</li></ul>

Bitcoin Technical Analysis—Will It Break $85,500 Resistance?

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