Bitcoin has rallied from $59K to $87K and is now approaching a decisive level.
The higher timeframes show a major shift in market structure, while the lower timeframes are beginning to look overheated.
In this edition of THE WAVE REPORT, we’ll examine four timeframes to answer one question:
Is Bitcoin ready to continue toward $95K–$97K, or does it need a pullback first?
THE MARKET AT A GLANCE
Long-term trend: Bullish
Market structure: Bullish reversal with a new higher high
Momentum: Bullish, but overheated in the short term
Key levels: $87K resistance · $82K support
Current bias: Long-term bullish, short-term cautious
The short version:
Bitcoin’s higher-timeframe structure suggests that a new bullish cycle has begun. However, resistance around $86K–$87K and overheated lower timeframes make a pullback toward $82K my main expectation.
1M — THE CYCLE
Bitcoin found support near the 2021 cycle high and has now traded above its May peak, creating a new higher high.
Monthly RSI reclaimed its moving average, while Stochastic RSI crossed bullish from deeply oversold levels. Together, these signals strongly suggest that a new bullish phase has begun.
However, the monthly candle is still open. Bitcoin could still pull back and close below $82K, leaving the breakout unconfirmed. That would create short-term weakness, but it would not invalidate the broader bullish structure.
2W — THE BIG WAVE
Two-week RSI reclaimed the key 50 level, a signal that also appeared after previous cycle bottoms. Higher-timeframe momentum has clearly turned bullish.
Bitcoin is now testing strong resistance around $86K–$87K while Stochastic RSI is close to 100. This does not guarantee a pullback, but it does increase the risk of rejection at current levels.
A two-week close above $87K would confirm strength and open the way toward $95K–$97K. A rejection would bring $82K back into focus.
1W — THE ACTIVE STRUCTURE
Bitcoin broke the downtrend from the 2025 cycle top and reclaimed its 50-week moving average around $78K. Weekly RSI also broke its multi-year downtrend, confirming the bullish momentum shift.
However, the previous weekly candle closed below $82K. Bitcoin has moved back above that level, but the reclaim is not confirmed yet.
Another weekly close below $82K would increase the chance of a deeper pullback. A weekly close above $87K would confirm the breakout and open the way toward $95K–$97K.
1D — THE SHORT-TERM PATH
Bitcoin broke above its recent range and created a higher high. However, daily RSI remains below its previous high, creating a potential bearish divergence.
Daily RSI needs to move above its previous peak around 86 to invalidate the divergence. Until then, resistance and stretched momentum leave Bitcoin vulnerable to a short-term pullback.
The first key support sits around $82.7K. Holding that level would keep the breakout intact. Acceptance above $87K could instead trigger a fast move toward $95K–$97K before any larger correction begins.
THE ROAD AHEAD
Direct continuation: A confirmed break above $87K could quickly send Bitcoin toward $95K–$97K before a larger pullback begins.
Base case: Bitcoin struggles around $86K–$87K and pulls back toward $82K. If $82K fails, stronger support sits around $78K.
Bearish: A weekly close below $78K would weaken the breakout and expose support around $73K.
THE BOTTOM LINE
The bigger trend is bullish, but this is not an ideal place to chase price.
I am watching $82K for support and $87K for confirmation. Holding $82K keeps the breakout intact, while a weekly close above $87K opens the way toward $95K–$97K.
Master the cycle. Ride the big waves.
— CRYPFLOW
This report is intended for educational and informational purposes only. Nothing in this publication constitutes financial advice. Always conduct your own research and manage risk according to your personal circumstances.
