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Bitcoin Holds Above $74K Support, Testing $85K Resistance Levels

  • Bitcoin reached the $85K resistance level, bouncing back from the dip to $74,000 on April 9.
  • The resistance zone between $84K-$85K may trigger short liquidations, fuelling upside momentum.
  • Bitcoin faces significant resistance between $84,000 and $85,000, aligning with the upper trendline of a descending channel.
  • The next few sessions will be pivotal in determining Bitcoin's direction, with a move past the $85,000 level potentially setting new record highs.

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