The post Bitcoin stalls at $85K – Will THIS short‑term signal pull BTC to $82K? appeared on BitcoinEthereumNews.com.

Bitcoin’s short-term holders could be giving up following a notable crossover in the UTXO Realized Price bands. Coinbase Premium index was positive as BTC tested the diagonal and 200-day MA resistances. Bitcoin’s [BTC] UTXO Realized Price bands for short-term holders suggested potential selling pressure. The 1-week to 1-month cohort and 1-month to 3-month cohort saw considerable declines, resulting in both falling underneath the 3-month to 6-month cohort at the $85K zone. Historically, these crossovers indicated potential bearishness, as newer investors also tend to sell at losses while cost bases experience modifications. These short-term holders selling their Bitcoin at a loss could cause broader negative sentiment, as the crossover suggested. Source: CryptoQuant Having said that, the trend pointed to cooling or consolidation, with BTC struggling to reclaim the $90K handle. BTC’s bearish signal may be cancelled if price moves above its realized price bands to surpass the key $90K threshold. BTC stayed at $80K as the short-term trend remained bearish until confidence returned to the market. The price divergence became crucial, as a downside move beyond certain thresholds could drive seller panic, but price stability might emerge through an upward price reversal. What CVD, OI and Coinbase Premium suggest More analysis showed Bitcoin faced resistance at $85,250 despite a constantly positive Coinbase Premium level of 0.01%. The spot buying volume on both Binance and Bybit reached high levels as the CVD readings reached 307.34M and 40.65M, yet the prices remained unresponsive to these behavioral signals. Open Interest downgraded from $6.64B to $6.55B signals both possible long-term position liquidations and reduced entry of new positions, which indicates a possible weakening in market sentiment. On top of that, Bitfinex’s bearish bias persisted, with 71,036 BTC held in position. Even so, participants stayed cautious as BTC failed to pierce resistance despite bullish spot metrics.…

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Filed under: News - @ April 18, 2025 1:22 pm