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Bitcoin Approaches Key Resistance Around $85,000
Bitcoin is once again testing one of the most important price zones of recent months. After recovering from the $72,000 region, the price briefly moved back above $81,000, and the market has now approached the $83,000–$85,000 range, which remains the primary obstacle to further upside momentum.
This area coincides with the 200-day moving average — a level currently being closely watched by most market participants.
A breakout above this level could open the way first toward $89,000 and later toward the $94,000 region.
Market Attempts to Transition Back Into Growth Phase
Over the past month, Bitcoin has gained roughly 10%. Trading volumes have also increased noticeably during this period. In the first weeks of May alone, daily market activity rose by approximately 4%.
This matters because similar consolidation periods near major resistance zones have often resulted in strong market moves in the past. The market now appears to be entering a similar setup once again.
As long as the price remains above the psychological $80,000 level, buyers continue to maintain control over the short-term market structure.
The Main Level Now Is $85,000
The $83,000–$85,000 range remains the key technical zone. Bitcoin has repeatedly lost momentum in this area during previous recovery attempts.
If buyers manage to establish support above this range, the next target could become the $89,000 area. After that, market attention would likely shift toward $94,000.
Beyond that, discussions about a return to $100,000 would likely intensify again. For now, however, that scenario remains more of a potential target than a confirmed move.
MACD Continues to Show a Bullish Signal
Analysts are also closely watching the weekly MACD indicator.
The indicator formed a bullish crossover on April 13, after which Bitcoin rallied approximately 15%.
The market is paying close attention to this signal because of historical similarities. In previous cycles, similar crossovers frequently appeared ahead of strong upward price movements.
In late 2023, Bitcoin surged roughly 147% following a comparable signal. In October 2024, the market gained around 75%, while a similar structure in May 2025 ended with an approximately 35% rise.
Of course, past performance does not guarantee a repeat of the same scenario. Nevertheless, from a technical perspective, the market currently appears significantly stronger than it did only a few weeks ago.
Miners Are Not Yet Creating Heavy Selling Pressure
On-chain metrics also suggest a relatively calm environment among miners.
The MPI indicator, which tracks selling activity from Bitcoin miners, dropped below -1.0 in February. Historically, such levels have been associated more with accumulation phases than aggressive selling.
This helped the market establish a foundation near $60,000 without experiencing strong supply pressure.
Currently, the indicator remains below zero. This suggests that miners have not yet started aggressively taking profits even after Bitcoin recovered above $80,000.
For the market, this is considered a positive factor. The lower the selling pressure from large holders and miners, the easier it becomes for prices to sustain upward momentum.
Profit-Taking Activity Has Increased
At the same time, some investors have become more active in taking profits after Bitcoin returned above $80,000.
According to Santiment, realized profit volume recently exceeded $207 million.
This marks the highest level of the current cycle. However, increased profit-taking alone is not necessarily considered a bearish signal.
On the contrary, as long as the market continues absorbing selling pressure without sharp declines, it indicates the presence of strong underlying demand. Buyers are currently continuing to absorb supply even near major resistance levels.
Why Markets Are Watching the Weekly Close
For bullish traders, the weekly close remains especially important.
Analysts believe that a sustained move above $81,000 followed by successful support confirmation at that level would provide a significant signal of market strength.
If this scenario unfolds, the probability of a move toward the $86,000–$89,000 range would increase substantially.
Otherwise, the market could once again revisit lower demand zones. Traders would primarily focus on areas near $75,000 and $73,000.
What Comes Next?
Bitcoin is currently trading within one of the most important technical zones since the beginning of the year.
The market has already recovered from the February lows, but for a full transition into a new growth phase, buyers still need to break through the $83,000–$85,000 region.
For now, the structure appears moderately positive. MACD remains bullish, miner selling pressure is limited, and demand continues to absorb ongoing profit-taking activity.
The next several weeks could determine whether the current recovery becomes the foundation for a move toward $90,000 and beyond — or whether the market enters another phase of deep consolidation.
See also: "$76,900 Will Serve as Short-Term Support for Bitcoin — Glassnode"
