Bitcoin showed decisive strength on Saturday, pushing firmly into a key $85,000 resistance zone on a deal that is nearly $85,050. This technical breakout appears to be sustained by a consistent buying interest as market patterns continue to occur that are similar to the previous Bitcoin Bull Cycle.
Market data confirms that Bitcoin has overcome significant overhead resistance while maintaining its main underlying support level. Chain flow indicators simultaneously suggest new accumulation and lower sales pressure on major exchanges.
Why Bitcoin’s weekly MA50 support and RSI action are important signals
A technical analysis shared by Market Observer Ash Crypto points to two key metrics that traders closely monitor Bitcoin’s weekly charts, the 50-week moving average (MA50), and the relative strength index (RSI) near 44 levels.
As Bitcoin prepares for the next ride, you should pay attention to these two metrics on your weekly chart.
Every week, MA50: MA50 has been strong support for Bitcoin in its previous bull market.
Weekly RSI 44: With every bull cycle, RSI is supported and bouncing multiple times. pic.twitter.com/mcypgyx2oq
– Ash Crypto (@ashcryptoral) April 11, 2025
In past bull markets, the MA50 served as a reliable level of support for Bitcoin, setting the base for sustainable gatherings. Current price action suggests that BTC continues to respect this historical trend, making the MA50 an important reference to assessing the integrity of the trend.
Additionally, the weekly key 44-level defense of RSI during recent pullbacks reflects the action seen in previous cycles in which this zone acted as a springboard.
Related: Bitcoin approaches the harving sweet spot, analyst eye breakouts exceed $10,000
The conditions are often correlated with sustained purchasing power, as RSI rebounds strongly from that area and now holds decisively above 70, but price action appears to match past successful cycle patterns.
Echoes of past executions: Bitcoin appears to follow a historic script
Bitcoin’s price history reflects a repetitive multi-year cycle structure characterized by gatherings, integration stages and updated momentum. The ongoing 2023-2025 period appears to follow the same pattern as previous cycles of 2015-2017 and 2019-2021.
Related: Bitcoin price jumps 8% as US strategic crypto prep plan offset Chinese stock concern
According to chart analysis, Bitcoin has always followed the moving average trend during the Bull Phase, with price action rising when assets get support beyond these technology levels.
With $85,000 cleared, what does the chart suggest for Bitcoin next?
BTC is currently trading comfortably above this important moving average zone, bolstering its enhanced augmentation analysis to suggest an ongoing upward potential.
Source: x
Added the conviction, the RSI broke past 70 zone. This is a level historically related to increased bullish momentum. RSI’s trendlines support buyers continuing to dominate in line with previous bull market behavior.
At the time of this report, Bitcoin was trading around $85,050. Its total market capitalization was close to $1.68 trillion. Daily trading volume is $29.62 billion, while circular supply is recorded at 19.85 million BTC out of a maximum of 21 million caps.
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