- BTC Buy Pressure Builds Near $86K Resistance
- Futures Cool, But Spot Trend Holds Above $80K
- MACD Turns Bearish, Yet Uptrend Still Valid
Bitcoin remains in an upward trend despite short-term price stagnation. Its price action continues to show a structure of higher highs and higher lows, as outlined by Dow Theory. While trading volumes have declined and futures market sentiment remains cautious, the spot price structure holds firm. Market participants are closely watching key levels for the next move.
Bitcoin Price Holds Firm Between Key Levels
According to an analysis prepared by TradingView on April 17, 2025, Bitcoin continues to consolidate between $83,000 and $85,000. The digital asset reached $84,967 during Thursday’s session, although it remains below the recent high of $101,000 recorded in February. This range has served as a zone where buyers and sellers are closely balanced.
Technical indicators show that the Relative Strength Index (RSI) stood at 55 on the 4-hour chart, signaling neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) presented a bearish crossover on April 16, suggesting potential short-term downside. Despite this, Bitcoin is maintaining its bullish price structure as long as it trades above $80,000.
According to Kiyotaka’s orderbook heatmap data, sell orders between $85,000 and $86,000 have mostly been absorbed. This suggests that buying pressure remains active, and a breakout above $86,000 could push Bitcoin toward $90,000.
Traders Monitor Key Support While Long-Term Trend Holds
On-chain data from CryptoQuant shows that futures sentiment began to weaken in February 2025. However, spot price action has not reflected this shift in risk appetite. According to an observation by AbramChart, “From November 2024 to February 2025, BTC surged to $101,000, but futures interest has cooled since then.”
Trading volume on major exchanges such as Binance and Coinbase fell by 5% on April 17, indicating traders are waiting for a decisive move. According to Michaël van de Poppe, Bitcoin has stayed range-bound between $64,800 and $65,400 this week, showing minimal volatility.
Despite this short-term stagnation, the broader structure remains intact. As long as support at $80,000 is not broken, the uptrend remains valid. Bitcoin continues to follow a path of higher highs and higher lows, in line with Dow Theory.
