Bitcoin Holds Strong above $85K, Technical Signals Point Towards Uncertainty

Bitcoin is maintaining its position above the 50-week EMA, displaying continued support from long-term holders as it navigates a period of market consolidation around $85,000. However, the RSI is showing signs of bearish divergence, indicating potential waning momentum despite recent price increases. The flattening EMA ribbon signals a cooling trend, with traders waiting for a decisive breakout or breakdown to guide future actions.