Bitcoin Breaks Key Level, Aiming for $85,000

In a post on X on September 21, crypto trader, investor, and analyst Titan of Crypto predicted that BTC/USD could see an “intermediate” rise of about 35%. This trader is counting down to the moment Bitcoin could surge “by the end of this year.” Bitcoin is currently holding steady at $63,000 for the week, after rebounding from a September support level that had dropped below $10,000.

The optimistic forecast for BTC price now indicates even brighter prospects for bullish investors. According to Titan of Crypto, the first key milestone is $85,000. Based on Bitcoin’s weekly Relative Strength Index (RSI) chart, he believes momentum is building to push the market to new highs. “Bitcoin $85,000: Intermediate target,” he stated.

“The weekly RSI breakout signals a major move for BTC by the end of the year.”

The RSI is a classic technical analysis tool that helps identify potential peaks and troughs while providing insights into the strength of an upward or downward trend at specific price levels.

The weekly RSI has now surpassed the key 50/100 level, breaking the downtrend that has persisted since the all-time high in March.

Titan of Crypto noted that if September closes with gains, the upward trend could continue throughout Q4.

“Historically, when September ends in the green, Q4 tends to have strong upward momentum,” he wrote in another post on X.

“If the price closes above $59,000 this month, the market is likely to remain bullish through the end of the year. However, even if September ends in the red, we can still expect a positive Q4, as seen in both 2017 and 2020. A promising Q4 lies ahead.”

BTC price reaches $61,000 as the market “consolidates” In a separate update, renowned trader Skew pointed out that BTC needs further confirmation in the coming week. “Technically, things look quite solid,” he shared with his followers on X.

Skew added that the market needs to establish a series of higher highs and higher lows on the daily chart, with the $61,000 level being a key threshold to maintain. “Keeping the $61,000 level intact is a clear condition for the market,” he concluded.

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