banner https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4

Bitcoin Price Holding Above $85,000. Are We Out Of The Woods?

Bitcoin Price has been nothing but steady over the past two weeks. That is no surprise, but the question is: What comes next? This month will be very interesting as the FED flies blind when it comes to a rate cut decision. It has been a week since the end of Quantitative Tightening, yet the markets are neutral.

In the meantime, Saylor keeps buying






Bitcoin

Bitcoin





3.00%



in full conviction of his thesis. Some might wonder what will happen with $MSTR if BTC drops below $70,000. It looks like he might just buy more.

DISCOVER: Best Meme Coin ICOs to Invest in 2025

Bitcoin Price Could Drop To $60,000 Or Jump To New ATH

(Source – Tradingview, BTCUSD)

Starting our analysis with the Weekly chart today. We have been looking at these levels over the past couple of months, and the price has been following them very obediently. Technical analysis is a science comprised of psychology and math + logic. Things can look chaotic, but are they really? See our previous article here. No one can predict where the market will go next. But everyone can make an educated guess. Technical analysis (and fundamental, of course) is the “educated” part.

On this chart, the one thing we really care about is this MA100 (green). We really, really want this level to hold. It aligns well with the FVG gap, and this is where the price has been hovering. Nothing new for now. MA200 is way down, at $56,000. Not a desired location for the bulls.

DISCOVER: Top Solana Meme Coins to Buy in 2025

Bitcoin Price is hovering around $85 000 - $90 000 lately. Does that mean a support base is being built, or buyers are weak?

(Source – Tradingview, BTCUSD)

Next in line for this analysis is our 1D chart. We can identify a slow ascent with potentially a third high in a row. Not much strength by the bulls, though. There is a Bullish Engulfing candle right after the second higher low. But we are still way below MA50 on this timeframe, which currently sits around $100,000. RSI came out of the oversold area and has been climbing. What we care about here is to enter the $98,000 – $104,000 zone and to reclaim the Moving Averages. Until then, the structure is bearish.

Stay safe out there!

DISCOVER: Top 20 Crypto to Buy in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Bitcoin Price Holding Above $85,000. Are We Out Of The Woods?


  • All MAs on 1D must be reclaimed.

  • Weekly FVG is filled and is the current range.

  • $98,000 – $104,000 must be reclaimed to move upwards

  • MA100 on weekly still acting as support

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon

Follow 99Bitcoins on your Google News Feed

Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!

Subscribe now

Petar Tatarski

Petar entered the crypto world in 2021. His main interest in crypto is charting and trading which he has studied for 3 years. What drew him in was his love for math, logic and seeing price move on the charts….
Read More

Leave a Comment

banner banner https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4