<ul><li>Bitcoin is currently trading below $85,000, consolidating after a recent decline.</li><li>Technical indicators suggest potential upward movement if BTC clears $85,000 resistance.</li><li>Traders are aiming to recapture the crucial $90,000 level first breached in late 2024.</li><li>Fed Chair Powell's comments on rate cuts impacted crypto market sentiment negatively.</li><li>Mid-sized investors have increased positions by 1.2% over the past three weeks.</li><li>Bitcoin faced a decline below $85,000 and the 100-hour Simple Moving Average.</li><li>The cryptocurrency is testing support levels and facing resistance near $84,750.</li><li>To initiate an upward move, Bitcoin needs to clear the $85,000 resistance level.</li><li>Key resistance levels are at $85,150, $85,500, $85,800, and $86,400, while supports are identified at $83,900 and $83,200.</li><li>Technical indicators on Bitcoin show a mixed outlook with hours MACD losing pace in the bearish zone.</li></ul>

Bitcoin (BTC) Price: Trading Below $85K With Eyes on $90K Threshold

Discover more