Technical Setup Points To $88,640 BTC Target

As the crypto market approaches 3 trillion dollars again, bitcoin grabs attention by crossing 86,000 $, driven by an increase of over 3 %. This rebound fuels projections of a move towards 88,640 $, but the setup remains fragile. Between immediate resistance zones and hesitant volumes, the bullish scenario remains conditional. Technical signals are accumulating, but only a clear breakthrough of key thresholds could confirm a sustainable recovery.

A technical rebound that remains to be confirmed

Bitcoin recorded a rise of over 3 % over the past 24 hours after a drop below 84,000 $, reaching around 86,395 $, in a context of a broad market recovery, now valued at 2.95 trillion dollars.

Indeed, this increase fits into an identifiable sequence according to Elliott wave theory. Thus, bitcoin describes a dynamic composed of a bullish push in five waves, followed by a pullback on a support. This setup suggests the possibility of a new upward move, with a technical target located at 88,640 $, corresponding to the 100 % Fibonacci extension.

In this perspective, several decisive technical levels condition the validity of this scenario. Here are the main points highlighted in this analysis :

• A solid support zone : between 81,620 $ and 83,640 $. As long as the price remains above, the bullish structure remains intact ;

• The last critical low point : if BTC falls below 84,230 $, the trend would be weakened ;

• An immediate resistance : around 86,370 $, which bitcoin is currently trying to break.

The current bitcoin situation is therefore under close watch. If the bullish momentum manages to impose itself with sustained volumes, the target of 88,640 $ could be reached. Otherwise, a retreat below the mentioned technical levels could invalidate this short-term scenario.

Towards a critical zone between 92 K$ and 111 K$?

Beyond the immediate target at 88,640 $, a more ambitious outlook emerges. Bitcoin could aim, in a second phase, at a major resistance zone between 92,820 $ and 111,180 $.

This zone corresponds to the classic target of a wave four recovery in an extended corrective structure. Bitcoin could spend the next two weeks slowly moving towards this zone, according to a three-phase scenario: a wave A currently ongoing upwards, followed by a pullback in wave B, then a final rebound in wave C towards this resistance.

This extended scenario fits into a medium-term reading of BTC’s behavior. It assumes consolidation of the current support, but also an ability to generate sufficient momentum to break through several technical thresholds in series.

If volumes remain low or if the market faces macroeconomic resistance (such as monetary policy decisions or regulatory announcements), the complete development of this bullish sequence could be compromised.

Under tension but technically oriented, the bitcoin price remains suspended on the validation of critical thresholds. A move towards 88,000 $ would strengthen the bullish scenario, but caution dominates, as signals depend on volumes and short-term behavior.