Bitcoin Consolidates as Traders Monitor $85,000 Resistance

Bitcoin traded below $83,000 on Monday following a 4% gain last week, while Ethereum slipped under $2,700 and XRP consolidated near $1.500. Despite the cooling momentum, Bitcoin remains above its 50-day, 100-day, and 200-day exponential moving averages, suggesting the near-term uptrend is still intact. Market participants are now focused on whether buyers can push BTC toward the $85,000 resistance level or if the current pause will lead to a deeper correction.