{"id":20972,"date":"2025-04-18T03:37:46","date_gmt":"2025-04-18T03:37:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20972"},"modified":"2025-04-18T03:37:46","modified_gmt":"2025-04-18T03:37:46","slug":"btcusd-consolidates-tests-resistance-below-85k","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/btcusd-consolidates-tests-resistance-below-85k\/","title":{"rendered":"BTCUSD Consolidates, Tests Resistance Below $85k"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/1_download-1-1-1024x559.png\" alt=\"\" class=\"wp-image-20974\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Points:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTCUSD)<\/strong> trades at <strong>$84,914.31<\/strong>, testing resistance near <strong>$85,000<\/strong>.<\/li>\n\n\n\n<li>The cryptocurrency faces <strong>resistance at $85,200<\/strong>, with <strong>$84,500<\/strong> providing immediate support.<\/li>\n\n\n\n<li><strong>MACD<\/strong> shows weakening bullish momentum, indicating possible short-term consolidation.<\/li>\n\n\n\n<li>Market focus remains on <strong>U.S. economic data<\/strong> and <strong>Fed policy<\/strong>, influencing Bitcoin&#8217;s price direction.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Bitcoin Price Faces Resistance Below $85,000<\/h2>\n\n\n\n<p>Bitcoin&#8217;s price action has been testing key resistance levels around <strong>$85,000<\/strong> after a slight dip below that level. Currently, the price stands at <strong>$84,914.31<\/strong>, after peaking at <strong>$85,134.25<\/strong> earlier in the session. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Bitcoin miners scrambled to pull machines out of Southeast Asia before Trump&#39;s tariffs hit \u2014 then he delayed them <a href=\"https:\/\/t.co\/59jKC2AZii\">https:\/\/t.co\/59jKC2AZii<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1912719173534236685?ref_src=twsrc%5Etfw\">April 17, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Expectations and Influences on BTCUSD<\/h2>\n\n\n\n<p>The market remains cautious, with attention turning to the <strong>U.S. economic data<\/strong> and <strong>Fed policy announcements<\/strong>, which could influence broader market sentiment, including Bitcoin. <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/powell-says-fed-can-wait-for-greater-clarity-on-tariffs-before-cutting-interest-rates\/ar-AA1D3dfj?ocid=BingNewsSerp\">Fed Chair Jerome Powell&#8217;s remarks<\/a><\/strong> about waiting for more data on U.S. economic trends could provide volatility to the markets, potentially weighing on Bitcoin\u2019s price.<\/p>\n\n\n\n<p>Despite Bitcoin&#8217;s short-term challenges, its price could continue to test resistance levels, especially if economic conditions prompt further safe-haven demand for digital assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Outlook for Bitcoin<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/18.4_2-1024x450.jpg\" alt=\"\" class=\"wp-image-20975\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: BTCUSD tests resistance at 85134.25, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>BTCUSD declined by <strong>0.26<\/strong>%, closing at <strong>84914.31 <\/strong>after opening at <strong>85134.44<\/strong>. The pair reached a high of <strong>85134.25 <\/strong>before retracing.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) indicate consolidation, with short-term averages aligning with longer-term ones. The MACD shows mild bearish pressure, with the MACD line below the signal line.<\/p>\n\n\n\n<p>Bitcoin&#8217;s outlook in the short term remains neutral to bearish, with <strong>$85,000<\/strong> acting as a key resistance zone. A <strong>break above $85,200<\/strong> could open the door for further gains toward <strong>$86,000<\/strong> or <strong>$87,000<\/strong>, but failure to do so may see the price move back toward support levels at <strong>$84,500<\/strong> and <strong>$84,000<\/strong>.<\/p>\n\n\n\n<p>Traders will closely monitor any <strong>U.S. economic reports<\/strong> and <strong>Fed policy signals<\/strong> for further insights on Bitcoin&#8217;s direction.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price tests resistance near $85,000. Market remains focused on U.S. economic data and Fed policy, impacting BTC\/USD direction. -vtmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":20974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[12],"class_list":["post-20972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-crypto"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/20972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=20972"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/20972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/20974"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=20972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=20972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=20972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}