Bitcoin is trading above the $85,000 level after days of intense selling pressure and panic-driven volatility. The recent bounce suggests that bullish momentum may be returning, with buyers stepping in to defend key support zones. As broader market sentiment begins to stabilize following heightened macroeconomic tensions, bulls are now attempting to reclaim lost ground and push toward higher supply zones.
The sharp reversal in BTC’s trend has sparked cautious optimism among traders, especially as price action begins to recover from one of the most aggressive corrections of the current cycle. Investors are closely watching whether this bounce can translate into a sustainable upward move.
Top crypto analyst Ali Martinez shared a technical update on X, highlighting that Bitcoin is pushing through its 50-day Simple Moving Average (SMA) — a significant resistance level that often acts as a gatekeeper for trend confirmation. If BTC can successfully flip this level into support, it could set the stage for a breakout above local highs and renew the bullish structure. With liquidity returning to the market and whales showing signs of accumulation, Bitcoin may be preparing for its next major move — but key resistance zones still lie ahead.
Bitcoin Pushes Toward $87K As Bulls Regain Control
Bitcoin has surged over 15% since last Wednesday, reclaiming the $85K level after weeks of aggressive selling and macro-driven panic. Bulls are regaining control, and momentum continues to build as BTC slices through critical resistance levels. The broader crypto market is also bouncing, but analysts remain divided over whether this marks the start of a full recovery or just a relief rally within a broader correction.
Martinez notes that Bitcoin is slicing through the 50-day Simple Moving Average (SMA)—a key technical level that has historically acted as resistance during downturns. The next major hurdle is the 200-day SMA at $87,250. A decisive breakout above this level could set the stage for a move toward $94,100, reclaiming lost ground and reinforcing bullish structure on the daily chart.
While the technical picture is improving, macroeconomic uncertainty remains a major risk factor. The 90-day tariff pause announced by US President Donald Trump has provided some relief to financial markets. However, without a formal trade agreement between the US and China, global volatility is likely to persist. Investors remain cautious, with any further escalation threatening to disrupt fragile momentum across both equities and digital assets.
Bitcoin’s current rally shows resilience, but market sentiment is still vulnerable to geopolitical developments. Holding above $85K and breaking past the 200-day SMA will be crucial for bulls to confirm a larger trend reversal. Until then, traders are eyeing key resistance zones closely, watching for signs that this is more than just a bounce. As long as macro conditions remain unresolved, Bitcoin’s next move could be shaped as much by diplomacy as by technicals.
BTC Holds Above $85K: Key Resistance Ahead
Bitcoin is currently trading at $85,300 after successfully breaking above the 4-hour 200 Moving Average (MA) and Exponential Moving Average (EMA), a critical development that signals renewed short-term momentum. This bullish move comes after weeks of intense volatility and selling pressure, offering a glimmer of hope for traders anticipating a recovery.
However, the next major test lies ahead. For bulls to confirm a short-term trend reversal and ignite a broader recovery rally, BTC must decisively break above the $88,500 resistance level. This zone has acted as a ceiling during recent failed attempts to recover and remains a psychological and technical barrier.
If Bitcoin fails to gain enough buying pressure to reclaim that level, the market could fall back into a consolidation phase or even resume its downtrend. On the downside, the $82,000 level now serves as immediate support. Losing this level would invalidate the current bullish momentum and likely lead to a fast drop below the $80,000 mark, where panic selling could intensify.
With global macroeconomic tensions still in play, Bitcoin’s short-term path will depend heavily on whether bulls can sustain momentum and breach the key resistance in the coming sessions.
Featured image from Dall-E, chart from TradingView
