Bitcoin Price Faces Key Test Near $85K Amid Weakening Momentum

The bitcoin price continues to follow its April uptrend, but beneath the surface, charts show signs of weakening momentum.

A recent chart shared by Ted Pillows shows BTCUSDT moving through a steady April uptrend with higher highs and higher lows forming inside two upward trendlines. However, the Relative Strength Index (RSI) tells a different story, as it makes lower highs while the price continues to rise.

This bearish divergence may indicate that buying strength is fading even as the price rises. If bitcoin loses its rising channel support near $77,000 to $78,000, the chart could shift from a controlled pullback to a deeper correction.