Bitcoin breaks above $85K, ending an 81-day downtrend with firm support below.
$BTC holds strong after clearing resistance, testing key EMA ribbon near $ 87 K.
Trendline flips to support as bulls regain control above the $84K consolidation zone.
Bitcoin price ($BTC) has officially shattered its 81-day downtrend, flipping former resistance into short-term support. Trading above $85,300, Bitcoin reclaims bullish ground and enters a critical technical compression zone.
Bitcoin Price Breakout Clears Descending Resistance
From January to mid-April 2025, $BTC/USD remained below a steep descending trendline. This structure formed lower highs and rejected five major breakout attempts over time. Each rejection showed sellers firmly controlling market direction and suppressing rallies. The trendline created a well-defined resistance that kept bulls from establishing new highs.
Market analyst Rekt provided a detailed technical breakdown of this price action shift. His TradingView chart, timestamped April 19, mapped BTC’s behavior across daily timeframes. A black trendline connected lower highs while five red circles marked rejection points. The repeated failures signaled strong resistance across every bullish attempt during the period.
Source: Rekt Capital
Mid-April triggered the reversal as BTC hovered near $82,000 without a steep rejection. Price held steady under resistance and showed no immediate breakdown or volatility spike. This consolidation period set the stage for a trendline breach above $84,000. The breakout held for multiple sessions and changed the behavior seen all year.
Interpreting the candlestick formation, he confirms BTC closed above prior resistance with conviction. The orange-circled breakout zone captured this deviation from prior rejection sequences. Evaluating key resistance flips, he finds the trendline now acts as dynamic support. Bitcoin price stands at $85,386.99 and trades above the invalidated bearish structure.
Bitcoin Price Tests EMA Resistance Cluster
BTC now tests the exponential moving average (EMA) ribbon between $84,000 and $88,000. This multi-layered ribbon reflects resistance across short, mid, and long-term trends. Each color in the ribbon, green, yellow, red, corresponds to a different moving average duration. Previously, Bitcoin price traded below these lines, confirming extended bearish momentum.
Merlijn The Trader analyzed this resistance phase using daily candlesticks and EMA overlays. His chart showed BTC reentering the ribbon for the first time since early February. Zooming into this move, he breaks down how BTC reclaimed $84,907.28 and climbed further. Price began closing above short-term EMAs, pushing into bullish territory for the first time in weeks.
Source: Merlijn The Trader
Given the chart’s layout, he observes EMA compression nearing $87,300 as a volatility trigger. If BTC holds above this level, momentum could drive price toward $92,000 in the coming sessions. As the breakout matures, he reports Bitcoin closing within the ribbon’s upper band. Both analysts confirm $85,000 as the pivot zone for the next leg in BTC’s market structure.
