Bitcoin Breakout Potential Grows as $85,500 Resistance Holds the Key
Bitcoin Breakout Potential is once again making headlines as BTC consolidates just under a critical resistance level of $85,500. With the price currently hovering near $84,429, traders are closely monitoring key signals that suggest a sharp move may be imminent.
Central to this conjecture is Binance data showing the Taker Buy/Sell Ratio at 1.008, which has turned positive. Often a leading indicator of increasing momentum, this measure shows more aggressive buying activity than selling. A brief burst above $86,000 caused the ratio to spike past 1.1 earlier this month; a comparable action might now be forthcoming.
Read More: Ethereum Price Recovery in Focus as Investors Eye Accumulation Opportunity
Order Flow Turns Bullish
Usually, a Taker Buy/Sell Ratio over 1 indicates great buyer confidence. Although BTC has not yet crossed resistance, the change in the ratio points to latent optimistic mood. The most recent numbers indicate $637 million in short positions at risk of liquidation should BTC crosses the $85,000 level, possibly causing a short squeeze and accelerating a rally.
Bitcoin domination, on the other hand, has risen to 63.81%, almost 10% year-to-date. Given an Altcoin Season Index of only 15/100, it’s obvious we are still well into Bitcoin Season; altcoins are not going to take the lead right yet.
Market Sentiment: Fear Masks Opportunity
Though these optimistic indicators, general mood still doubtful. Stuck at 29, the Crypto concern & Greed Index shows ongoing market-wide concern. Some experts, meanwhile, consider this to be the ideal scenario for a covert breakout.
Especially if macro conditions keep supporting the story, Jamie Coutts of Real Vision recently said BTC might astonish traders and challenge new all-time highs by the end of Q2.
Macro Tailwinds Supporting Bitcoin
Bitcoin is benefiting from geopolitical tensions and a declining U.S. currency. BTC is being seen more and more as a hedge against inflation and currency debasement as Trump reinstates tariffs on Chinese products and the dollar falls.
Furthermore affecting market flows is the April 15 U.S. tax deadline: some investors are selling to fulfil commitments while others are utilising tax refunds to build positions. Though it might potentially be fueling a bigger movement, this push-pull dynamic is causing short-term stagnation.
Technical Setup: Close to Breakout
Technically, Bitcoin stays well-supported above $83,800, and the 50-period EMA on the 2-hour chart keeps providing upward momentum. Rising bullish energy is suggested by the RSI’s recovery to 51.8.
Suggested Trade Setup:
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Entry: Buy above $85,500 on strong volume
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Target Zones: $86,446 and $87,416
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Stop Loss: Below $83,800
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Tip: Wait for a candle close above resistance to confirm strength—avoid FOMO entry.
Bonus Watch: Best Wallet ($BEST) Gathers Steam
Investors are monitoring the Best Wallet ($BEST)’s stratospheric ascent as well as looking for the Bitcoin breakout possibility. Raising more than $11.7 million in presale and staking 193 million tokens, it is setting itself as the best crypto wallet app for 2025. Backed by Fireblocks MPC-CMP security and supporting 1,000+ coins, it’s perfect for both crypto veterans and newcomers.
