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#GateSquareMayTradingShare Technical Outlook: Bitcoin remains above the key support level — Bullish target $85K Facing resistance pressure
Bitcoin continues to show strong upward momentum after reclaiming the key support zone of $75.6K and successfully pushing the price above the $80K . The price is currently consolidating just below the macro resistance near the 200 EMA moving average, while maintaining a healthy bullish structure.
The market is still in an uptrend recovery, but BTC is now approaching a critical decision zone that could determine the next expansion phase.
EMA structure 📈 (Continuing to rise)