Bitcoin continues to consolidate in a sideways range at the center of the box, which is a typical area of compressed and oscillating price action.
On the daily timeframe, after breaking above the recent local high, it pulled back and attempted to break through but failed, yet it has still remained above; this indicates that the medium-term bullish structure has not been broken. This level is the key transition point between resistance and support, and it’s an important focal point for recent positioning.
Before the short term turns around, the bias is still mainly to go downward. After a pullback around 82.5K–83K, expect a drop toward 85K–86K.
On the daily timeframe, after breaking above the recent local high, it pulled back and attempted to break through but failed, yet it has still remained above; this indicates that the medium-term bullish structure has not been broken. This level is the key transition point between resistance and support, and it’s an important focal point for recent positioning.
Before the short term turns around, the bias is still mainly to go downward. After a pullback around 82.5K–83K, expect a drop toward 85K–86K.
