Bitcoin, Future direction depends on whether it surpasses 85,000 dollars

Bitcoin faces strong resistance at the $85,000 level and is at an important crossroads for future movement, CoinDesk analyzed. The current market is a situation where buying and selling pressures are clashing around the lower boundary of the Ichimoku Cloud indicator.

According to the report, Bitcoin has been repeatedly testing $85,000 over the weekend, but no clear upward breakthrough has been achieved yet. This point has been acting as a major resistance line since early February, suppressing recovery since Bitcoin fell from the $100,000 peak and entered below the Ichimoku Cloud.

If resistance is pushed this time as well, a short-term downward trend may resume, and the possibility of retreating to the support line of $75,000 cannot be ruled out. This is a section where short-term selling pressure may increase on major technical indicators.

On the other hand, if the market recovers the $90,000 line and rises above the cloud area, it could be interpreted as a strong technical rebound signal. This flow is evaluated as a catalyst that could reignite the rally toward a new all-time high for Bitcoin. The market's attention is focused on the movement between $85,000 and $90,000 in the short term.