Bitcoin trades above $85,000 as key resistance and support levels tested

Bitcoin traded around $85,311, holding above $85,000 for the session as the cryptocurrency tested significant resistance in the $85,300–$85,700 region. The rally also strengthened the short-term price structure, setting the $80,000–$81,000 zone as a vital support area for traders monitoring the next major move. BTC price challenges resistance above $85,000 Recent price action followed a breakout above a descending trendline on the BTC/USD daily chart. Technical analysis from TradingView contributor SamGold_BTC marked the $80,000–$81,000 range as an order block and a former supply area that could now provide critical support after the upward move. The session saw Bitcoin achieve its first move above $85,000 since January. The Block reported that BTC reached this level as at least $750 million in cryptocurrencies were liquidated across the market within 24 hours, with most losses from short positions, according to CoinGlass data. Forced liquidations played a significant role in the latest momentum increase. However, whether buyers can extend the breakout above resistance depends on confirmation through a sustained close above $85,700, rather than just an intraday spike. BTC’s break above key trendlines placed $85,300–$85,700 as the immediate resistance zone, while $80,000–$81,000 now acts as a strategic support after the rally. Analysts note that the size of the liquidation event highlights the importance of monitoring both price structure and market positioning in the coming sessions. $80,000 support zone attracts attention The $80,000–$81,000 area provides a fresh support floor following the latest upward attempt. Buyers repeatedly absorbed selling pressure here during earlier declines, helping shift market floors from the $60,000s into the upper $70,000s. A pullback to this zone will test whether recent gains are sustainable. Failure to hold $80,000–$81,000 could shift the focus to lower support levels and undermine the near-term bullish trend. Moving averages offer technical backing Technical indicators supported Bitcoin’s recovery. The market snapshot from TradingView presented 13 buy signals and only one sell signal from moving averages, with 15 total buy indications in the broader summary. The cryptocurrency remained firmly positioned above the 10-, 20-, 30-, 50-, 100-, and 200-period moving averages. The 20 EMA stood at $78,394, the 50 EMA at $74,831, and the 200 EMA at $73,449, forming a notable technical support band under current levels. Momentum indicators signaled strong upward movement but fell short of extreme readings. The RSI registered at 67, Stochastic %K at 93, and the Commodity Channel Index at 148. Both MACD and Momentum delivered buy readings, indicating growing momentum as BTC moved significantly away from earlier lows. As traders watch for a breakout or structural pullback, the combination of resilience above moving averages and mixed momentum underscores the importance of ongoing technical monitoring.