Bitcoin: Sell Wall Cleared Above $85k
Bitcoin cleared the $85k sell wall with buyers removing ask liquidity, price at $84920.19 showing bullish EMA structure on 4h chart.
SourceAnalysis
Bitcoin buyers eliminated the $85k sell wall yesterday after nearly a week of repeated failures, with remaining ask orders pulled and reduced liquidity now positioned above current levels.
Price sits at $84920.19 inside a bullish trend where the EMA50 at $83628.03 and EMA200 at $79938.8 act as layered support. The MACD golden cross at 74.56 reinforces upward momentum while RSI at 60.69 remains neutral, leaving room for continuation.
With price testing upper Bollinger resistance at $84629.41 and lower support at $82782.87, the structure favors a brief consolidation near the 50-EMA before acceleration. This setup supports faster upside moves in BTC price prediction models and strengthens Bitcoin technical analysis for crypto market momentum into year-end.
glassnode
@glassnodeWorld leading onchain & financial metrics, charts, data & insights for #Bitcoin & digital assets.