Bitcoin Price Prediction: BTC poised for breakout to $65,000

Bitcoin bounces off support at the 50 SMA as bulls clear the path toward $65,000.
Massive buy orders will likely be triggered as soon as Bitcoin breaks above $60,000.

Bitcoin has embraced higher support despite the seller congestion at $60,000. Declines have been halted at $56,000, leaving the major support at $54,000 untouched. At the time of writing, BTC is trading slightly under $58,000 amid a renewed bullish momentum.

The immediate downside has been protected by the 50 Simple Moving Average (SMA) on the 4-hour chart. Simultaneously, the move northward seems to have been capped by the seller congestion between $59,000 and $60,000.

Similarly, the Relative Strength Index reinforces the bullish outlook as it bounces off the midline toward the overbought. As long as this indicator has a positive gradient, Bitcoin’s uptrend will remain intact.

Note that speculation is likely to surge in case Bitcoin breaks above $60,000. The breakout last weekend lost steam slightly under $62,000. However, cryptocurrency enthusiasts and investors predict that Bitcoin will soon hit highs above $65,000 and close it on $70,000.

BTC/USD 4-hour chart

It is worth mentioning that a reversal would come into the picture if the 50 SMA support on the 4-hour chart caves. The bellwether cryptocurrency is bound to fall to the next tentative support at $56,000. If push comes to shove and the overhead pressure surges due to massive sell orders being triggered, we can expect BTC to fall toward $52,000 (support highlighted by the 200 SMA).

Bitcoin intraday levels

Spot rate: $58,150

Relative change: 525

Percentage change: 0.9%

Trend; bullish

Volatility: Low

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.