Bitcoin is once again testing one of the most important zones of recent months. After recovering from the $72,000 area, the price briefly returned above $81,000, and now the market is closely approaching the $83,000–$85,000 range, which remains the main obstacle to further growth.
This is where the 200-day moving average passes—a level that most of the market is watching right now. Breaking through it could open the way first to $89,000, and then to the $94,000 area.
The Market Is Trying to Enter a Growth Phase Again
Over the past month, bitcoin has gained about 10%. Against this backdrop, trading volumes have also increased significantly. In just the first weeks of May, daily activity rose by about 4%.
This is important because similar periods of consolidation near major resistance levels in the past often ended with strong moves. Now the market is once again in a similar situation.
As long as the price stays above the psychological mark of $80,000, buyers retain control over the short-term structure.
The Main Level Now Is $85,000
The range between $83,000 and $85,000 remains a key technical zone. This is where bitcoin has lost momentum several times during previous recovery attempts.
If buyers can consolidate above this area, the next target could be the $89,000 region. After that, the market’s attention will shift to the $94,000 level.
After that, talk will resume about returning to $100,000. For now, this scenario remains more of a potential target than a confirmed move.
MACD Shows a Bullish Signal Again
Analysts are also paying extra attention to the weekly MACD. The indicator formed a bullish crossover back on April 13, after which bitcoin rose by about 15%.
The market is closely watching this signal due to historical correlations. In previous cycles, similar crossovers often appeared before strong upward moves.
In the fall of 2023, after a similar signal, bitcoin rose by about 147%. In October 2024, the market gained about 75%, and a similar structure in May 2025 ended with growth of about 35%.
Of course, past data does not guarantee a repeat of the scenario. But technically, the market now looks noticeably stronger than just a few weeks ago.
Miners Are Not Creating Serious Pressure Yet
On-chain metrics also point to a relatively calm situation among miners. The MPI index, which tracks selling activity by bitcoin miners, fell below -1.0 in February.
Historically, such values have more often corresponded to accumulation rather than aggressive selling. This helped the market form a base around $60,000 without strong supply pressure.
Currently, the indicator remains below zero. This means that miners have not yet started actively taking profits even after the price recovered above $80,000.
This is a positive factor for the market. The fewer sales from large holders and miners, the easier it is for the price to maintain growth.
Profit-Taking Has Already Increased
At the same time, some investors have started to close positions more actively after bitcoin returned above $80,000. According to Santiment, realized profit volume recently exceeded $207 million.
This is the highest figure of the current cycle. But the increase in profit-taking itself is not necessarily considered a negative signal.
On the contrary, as long as the market can absorb sales without a sharp drop, this indicates the presence of steady demand. Buyers are now continuing to absorb supply even near strong resistance.
Why the Market Watches the Weekly Close
The weekly close remains especially important for bulls. Analysts believe that consolidating above $81,000 and then holding this level as support will be an important confirmation of market strength.
If this scenario plays out, the probability of a move to the $86,000–$89,000 area will increase significantly.
Otherwise, the market could once again return to lower demand zones. First of all, traders will look at areas around $75,000 and $73,000.
What's Next?
Bitcoin is now in one of the most important technical zones since the start of the year. The market has already recovered from the February lows, but for a full transition to a new growth phase, buyers need to break through the $83,000–$85,000 area.
For now, the structure looks moderately positive. MACD remains bullish, miner sales are limited, and demand continues to absorb profit-taking.
The next few weeks may determine whether the current recovery will become the basis for a move to $90,000 and above, or if the market will once again enter a phase of deep consolidation.
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