Bitcoin Faces Key Resistance Between $75K and $85K

• Bitcoin is approaching a key resistance zone between $75,000 and $85,000.
• Funding flips positive as BTC, ETH see rising buy pressure and dominant longs.
• Miner selling drops sharply while MVRV at 1.3 signals Bitcoin is in a reset phase.

Bitcoin is trading near $74,500 at press time after a 6% surge in the last seven days. However, on-chain data shows resistance between $75,000 and $85,000, a range traders need to watch closely.

The first level at $75,000 aligns with the lower band of the Traders’ On-chain Realized Price. This level has acted as resistance in past bear market rallies.

The next level near $85,000 marks the upper band of the same metric. This range has already been rejected twice, once in October 2025 and again in mid-January when Bitcoin moved from $80,000 to $98,000 before pulling back.

If momentum continues, price tests $75K first. If that breaks, $85K becomes the next ceiling.

Derivatives Turn Bullish Ahead of Fed Decision

Short traders were forced out as Bitcoin moved above $70,000. New long positions started building above $73,000. This shows control is now in the hands of bullish traders in the short term.

Funding rates have stayed extremely negative until March 13, then flipped positive from March 15. Traders are now paying to hold long positions. Ethereum funding rates show the same trend, staying mostly positive since March 9.

Buy pressure is also visible in execution data. The taker buy/sell ratio has remained above 1 for both Bitcoin and Ethereum, meaning buy orders are dominating. The ratio has increased sharply since mid-March.

This is clear short-term bullish positioning going into the Federal Reserve rate decision.

Supply Side Is Calm, But Demand Is Not Strong Yet

On-chain supply signals are stable, with miner selling pressure dropping sharply. Outflows fell from around 28,000 BTC in early February to 6,800 BTC by mid-March. The Puell Multiple sits near 0.69, showing miners are not under stress and are not aggressively taking profit.

The MVRV ratio is around 1.3. This places Bitcoin just above the accumulation zone, with no strong speculative premium. This is neither a bottom signal nor a breakout signal. It is a reset phase where the price is close to its average cost basis.

Supply is not forcing Bitcoin prices lower. However, demand is not strong enough to drive a clean breakout either.

Related: Bitcoin Whales Step In as Retail Pulls Back, Exchange Ratio Reaches 6-Year Peak