Bitcoin Price Today: Critical Resistance Zone at $85K-$93K
• BTC trading above $82,000 with strong Spot ETF inflows supporting move
• Primary resistance at $85,288 (0.382 retracement on projected structure)
• Secondary resistance at $93,099 (0.5 retracement level)
Technical Analysis: Is Bitcoin Rally a Corrective Wave?
• Rally originates from February lows ~$60,000
• Current price action broke above macro 0.382 without establishing lower support
ETF flows remain constructive, but technical analyst warns of Wave B corrective structure—historically the most deceptive phase that traps late buyers. This pattern suggests current strength may be temporary counter-trend move within larger ABC correction rather than impulse wave.
Key Support and Resistance Levels for BTC Trading
*Upside*: Clean break above $85,288 opens path to $93K
*Downside*: Rejection at resistance band validates corrective view
*Critical*: Monitor price reaction at $85,200 zone—failure here could trigger sharp reversal to test lower support