Bitcoin Price Prediction: Can BTC Break $83K Before the Fed Decision?

Bitcoin is approaching a pivotal technical test, with one setup pointing to a potential rebound from $78,000 toward $83,000-$84,000 and another showing the 50-week moving average as the next major hurdle. The outlook remains conditional: holding short-term support could extend the recovery, while rejection near $80,350 would keep downside risk in play.

Bitcoin Could Retest $78,000 Before Another Move Higher

Bitcoin may not be finished on the upside despite its recent pullback, according to trader Kaz, who sees the $78,000 area as a potential launch point for another advance next week.

Bitcoin $BTC $78K Support and $83K-$84K Target. Source: Kaz on X

The chart highlights a support zone around $78,000-$78,400, where Kaz expects buyers could step in after the latest decline. Rather than calling for an immediate rally, the projected path allows Bitcoin to trade unevenly around that area before momentum improves.

A recovery through roughly $79,200-$80,000 would be an early sign that buyers are regaining control. From there, the previous-day high near $82,000 becomes the main resistance level visible on the chart.

The setup also marks an area around $81,600 as a possible short-squeeze zone. If Bitcoin pushes through that region and clears $82,000, Kaz's projected $83,000-$84,000 target would come into focus.