Bitcoin is consolidating under resistance, but the structure still looks constructive.
$BTC is trading around $85,464, holding well above the daily Supertrend at $79,048. After the strong move from $74,968 to $87,395, price has been building a range rather than giving back the entire move.
Here’s my map:
Current: $85,464
Support: $83,500–$84,000
Major support: $81,000–$82,000
Breakout zone: $87,400–$88,000
Target 1: $90,000
Target 2: $93,000
Target 3: $95,000+
The key level is $87,400.
A clean daily breakout and hold above the previous high could shift BTC into the next expansion phase. Until then, this is still a consolidation below resistance.
I’m watching the range closely, but I’d rather see confirmation than chase the move.
Hold above $83.5K and reclaim $87.4K, and the setup gets considerably stronger.
#BTC
$BTC is trading around $85,464, holding well above the daily Supertrend at $79,048. After the strong move from $74,968 to $87,395, price has been building a range rather than giving back the entire move.
Here’s my map:
Current: $85,464
Support: $83,500–$84,000
Major support: $81,000–$82,000
Breakout zone: $87,400–$88,000
Target 1: $90,000
Target 2: $93,000
Target 3: $95,000+
The key level is $87,400.
A clean daily breakout and hold above the previous high could shift BTC into the next expansion phase. Until then, this is still a consolidation below resistance.
I’m watching the range closely, but I’d rather see confirmation than chase the move.
Hold above $83.5K and reclaim $87.4K, and the setup gets considerably stronger.
#BTC
