$BTC

Bitcoin is trading around $83,170, recovering after a strong bounce from $80,961. The market is currently showing a sideways consolidation trend with a neutral-to-bullish bias, as it remains firmly above its key moving averages on the daily chart, although on shorter time frames it is running into resistance near $84,100 and $84,300. For tomorrow’s outlook, if the cryptocurrency manages to break above the $84,200 barrier on strong volume, it will look to make further moves toward $85,000 and $85,600. Otherwise, if it loses support at $82,200, it could pull back to retest the key floor at $81,000 and $80,900. Traders should therefore keep a close eye on these levels to confirm the direction of the next move.