Bitcoin tests $83K-$85K resistance after monthly 10% gain

Bitcoin briefly reclaimed $81,000 after a 10% gain over the past month and is testing resistance in the $83,000 to $85,000 range. The price rose after several sessions spent consolidating above roughly $72,000 and pulled back modestly after touching $81,000.

Trading activity increased in the first two weeks of May, with 24-hour volume up about 4%. The $83,000–$85,000 band overlaps the 200-day moving average. A sustained close above that average puts $89,000 and then $94,000 into focus as the next technical levels, with $100,000 noted as a psychological barrier.

If price falls back below the 200-day average, demand areas near $75,000 and $73,000 are the next reference points. The 100-day moving average sits near $72,000 and serves as a nearby support level.

Momentum indicators have strengthened. The weekly MACD produced a bullish crossover on April 13, and Bitcoin has gained roughly 15% since that date. Previous weekly MACD crossovers in October 2023, October 2024 and May 2025 were followed by rallies of about 147%, 75% and 35%, respectively.

On-chain miner data showed the Miners’ Position Index drop below -1.0 during February lows near $60,000, a reading historically associated with miner accumulation. The MPI has recovered but remains below zero, indicating miners have not returned to heavy distribution. A sustained rise in the MPI above 0.5 would be interpreted as an increase in miner selling.

Data tracking realized profits shows $207.56 million in net realized gains as price moved above $80,000, the highest level in the current cycle. Realized profits measure gains booked by holders who sold into the rally; prices continued higher after those sales.

Market participants are watching whether Bitcoin can break and hold above the 200-day moving average and how miner selling evolves. Key data points cited by traders include volume, a weekly close above $81,000, any sustained uptick in the MPI above 0.5, and the path of realized profits as price approaches the next technical checkpoints.