In this short video, Vladimir Ribakov provides a technical‑analysis outlook for Bitcoin. He notes that after a bullish divergence, Bitcoin broke above a recent high, establishing a pattern of higher highs and higher lows. He points out that the short‑term RSI is deep in overbought territory, turning the broken support around $80,000‑$85,000 into a strong resistance zone. While he sees the possibility of a bounce that could lift Bitcoin toward $95,000‑$97,000 and, on the weekly chart, toward $105,000‑$110,000, he remains cautious, stating there is not yet enough evidence for a sustained all‑time‑high run. Ribakov recommends “buy the dips” as long as a dynamic support line holds, suggesting that pullbacks will load new buyers unless a surprise event occurs.
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And let's talk about the Bitcoin. So I was expecting to see the Bitcoin making the clearance of this low before it massively goes up. Clearly, the Federal Reserve had different plans. And what happened there with the Bitcoin is after this bullish divergence, it finally managed this week to break above this high. And similar to all the other instruments, It is making higher highs, higher lows on the chart and the indicator as well. But I would pay attention to on the shorter term with all the excitement that the RSI is getting very strong overbought area and we are next to the broken support and now acts as the resistance. So on the short term, I believe this area around the $80,000, maybe even $85,000 should act as a strong Area, some bounces, which after I believe should bring the Bitcoin to the upside. So are we in front of another bullish run that will take the Bitcoin to all-time highs? At the moment, I have my doubts. Of course, it could happen, but as for now, we don't have enough evidences for that because it is only first bullish run after the bullish divergence, right? So what should happen here? I believe that Bitcoin definitely should clean this high. With high probability also to go to this zone here, which is around the $95,000 up to $97,000, and then very possible all the way to this high from the weekly chart, which is around the $105,000 up to $110,000. So buy the dips, from my point of view, is the right thing to do with the Bitcoin. Any pullbacks here unless there will be any surprise, should load the next portion of the buyers. Watch out for this dynamic supportive line, of course, as a strong area. And as long as it holds, look to buy the dips. So that's my view on the Bitcoin.