How High Can Bitcoin Price Go? BTC $80K Break Puts $100K Back in Play

Bitcoin rose above $80,000 on Tuesday, August 25, reaching $81,237.94 before trading at $80,323.24 in Asian hours. The intraday high was BTC's strongest level since mid-May, while its August gain reached 28%.

The move completed the first phase of my Bitcoin price prediction from last week. BTC broke its 200-day exponential moving average, cleared the $75,338.53 target the next day and has now put the larger $81,500 to $84,400 resistance zone under pressure.

That zone can still produce a short-term correction. A sustained break above $84,400 would instead put the January high at $98,068.26 and the psychological $100,000 level back in play, an advance of approximately 21% to 23% from Tuesday's intraday high.

Bitcoin Hits Last Week's $75,339 Target

My August 20 analysis identified a daily close above the 200 EMA near $71,541 as the signal that would restore the bullish daily trend. It mapped $75,338.53 as the first resistance, followed by $82,614.16 and then $98,068.26.

The first target lasted only one session. Bitcoin rose about 7.3% on Friday, August 21, closing near $78,326 after trading as high as approximately $79,464.

How high can Bitcoin price go? Source: Tradingview.com

Tuesday's continuation above $80,000 means the market is now approaching the second target. The earlier point estimate at $82,614 sits inside a broader orange supply zone on my updated chart, running from approximately $81,500 to $84,400.