Bitcoin’s price is currently facing stiff resistance near the $86,200 and $88,300 levels. A successful break above these barriers could signal a bullish shift for the cryptocurrency, while failure to surpass them might trigger further declines in value. analyses attribute this price action to expanding DeFi applications and increased institutional investments. The latest Bitcoin price as of April 2, 2025, is $85,031, with a daily percentage increase of 3.05%. Notably, the 200-day moving average (MA) acts as a significant resistance at around $86,200. The 50-day MA sits slightly above this level at $88,300, forming a crucial barrier that has impeded price growth for several weeks. 200-day MA acting as the main resistance area on which trades are likely to be based in coming weeks. Bitcoin is currently hovering below both of these moving averages and market participants are closely watching for any breakout or reversal signals.