Bitcoin price stalls below $86.2K as 50-day EMA and Fibonacci barrier cap upside
Bitcoin’s upward correction lost momentum at the 50-day EMA, located near $86,200
Bitcoin’s price is coiled tightly between significant technical levels, setting the stage for a potential breakout that could reshape the broader market structure. After rebounding from its April low of $74,400, the recent price action shows signs of strength, but overhead resistance continues to cap the move.
Over the weekend, Bitcoin’s upward correction lost momentum at the 50-day EMA, located near $86,200. This level also coincides with the 78.6% Fibonacci retracement of the previous downswing, an area that often filters out weak rallies. Price has since settled into a consolidation range between $83,600 and $86,200, unable to commit to either direction. As of the European session on Monday, Bitcoin is trading at nearly $84,500.
BTC price dynamics (March 2025 - April 2025). Source: Tradingview
RSI on 4H and daily charts remains bullish despite confluence of resistance
Momentum indicators such as the Relative Strength Index (RSI) on both the 4-hour and daily charts suggest underlying bullish pressure. On both timeframes, the RSI is trending in bullish territory, hinting that buyers still have a foothold.
Hence, a sustained break above $86,200 would clear two technical barriers in one move—the 50-day EMA and the 78.6% Fibonacci retracement—setting the path to retest the next major resistance at $88,900. A close above $88,900 would indicate a market structure shift to the upside, opening the door for a broader bullish trend extension.
On the downside, any drop below $83,600 could invalidate the bullish scenario. That would expose Bitcoin to a retest of the psychological $80,000 level, dragging sentiment lower and pointing to a continuation of the broader downtrend that began in January.
The technical setup is clear. Bitcoin is in a decision zone. Whether bulls regain control through a breakout above $88,900 or sellers force a break below $83,600 will shape the narrative for this week.
Bitcoin rebounded from $74,300 to $83,600 after Trump paused new tariffs for 90 days. The surge broke above $80,000 but remained within a broader downtrend.
