 Bitcoin price technicals target $87K by 2025, with one key resistance level in the way 
2024-08-30

Based on a key technical setup, Bitcoin BTCUSD is on track to a breakout to $87,000 by 2025, while BTC price is trapped under a crucial short-term resistance line.
Bitcoin setup targets $87K
Bitcoin is on track to $87,000 in early 2025, according to the Power Law Corridor, writes popular analyst TItan of Crypto, in an Aug. 29 X post:
Cointelegraph
The Power Law Corridor measures the correlation between Bitcoin price and time, often used by long-term holders.
Other analysts are also eying a potential breakout, including Trader Tardigrade, who wrote in an Aug. 30 X post:
Cointelegraph
The Gaussian Channel is a technical indicator used by traders to define price trends. Its upper and lower channels encapsulate an asset’s price action.
Bitcoin must overcome $59.6K resistance
Despite the optimistic long-term predictions, Bitcoin is currently trapped under a key resistance line.
Bitcoin needs to reclaim $59,600 to gain more upside momentum, wrote Titan of Crypto, in an Aug. 30 X post:
Cointelegraph
Bitcoin’s price breakout could be delayed until October, according to market analyst Elja Boom.
The analyst wrote in an Aug. 30 X post:
Cointelegraph
Related: $3K Ethereum price breakout likely delayed until October
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.