BITCOIN PRICE FORECAST: BTC OVER $85,000 STILL PENDING VALIDATION

Coimpaper reported that a short-term squeeze in August to reset the kinetic energy of bitcoin had again focused attention on $85,000. On 29 August, the trade price of bitcoin was close to $77,700, and, following a sharp reversal, the BTC is testing important areas above $73,880. The most recent graph shows that maintaining the support would help to restore Bitcoin to $100,000, while a deeper drop would expose the demand range of $73,000-74,650. Bitcoin is still above -0.5 MVRV pricing belt of US$ 73,880, a level highlighted by Ali Charts as an important threshold for the next directional movement. The chart places the MVRV average near US$ 100,052, making the US$ 100,000 area the next main top reference. If the BTC could stabilize above its current anchor, $100,000 would be a more important medium-term target。