#BTCvsMarkets Bitcoin is currently navigating a pivotal juncture, with its price hovering around 85,000. This level serves as a crucial support zone, and its ability to hold could determine the cryptocurrency's short-term trajectory.

*Key Resistance Levels:*

- *89,000 to 90,000:* This range represents significant resistance, particularly the realized price for short-term holders. Breaking above this could signal renewed bullish momentum. [1]

- *95,000:* Aligned with the 111-day Simple Moving Average (SMA), this level has historically acted as a strong barrier during trending markets. [1]

*Support Levels to Watch:*

- *85,000:* Currently acting as immediate support. A failure to maintain this level could lead to increased selling pressure. [1]

- *81,700:* If $85,000 fails, this becomes the next critical support level. [2]

*Market Dynamics:*

Despite the potential for a sell-off, Bitcoin's supply on exchanges has reached multi-year lows, indicating reduced selling pressure. [3] This scarcity could absorb potential sell orders without significantly impacting the price.

*Investor Behavior:*