Bitcoin eases into the week as traders watch BTC’s $85k resistance

Key takeaways

• Bitcoin traded below $83,000 on Monday after gaining more than 4% last week.
• Ethereum slipped below $2,700, while XRP consolidated around $1.500.
• BTC remains above its 50-day, 100-day, and 200-day exponential moving averages.

Bitcoin, Ethereum, and XRP began the week on a quieter note after last week’s gains. Bitcoin pulled back below $83,100 on Monday, Ethereum traded below $2,700, and XRP hovered around $1.500. 

The moves suggest traders are reassessing the market’s next direction following its recent advance.

Bitcoin’s technical picture remains constructive despite the dip. The largest cryptocurrency is holding above several closely watched moving averages, while its momentum indicators still lean positive. 

The immediate question is whether buyers can carry BTC back toward $85,000 or whether the pause develops into a deeper pullback.

Bitcoin holds above key moving averages

Bitcoin was trading at $83,100 on Monday after rising more than 4% last week. Its retreat from recent high...