$BTC

Bitcoin is currently trading around $83.4K after spending the past few days consolidating below the $87K resistance.

The range is becoming increasingly important.

$85K is the first level we want to see reclaimed, while $87K remains the major resistance that Bitcoin needs to break and hold above for the next leg higher.

On the downside, the recent $82K area is the key short-term support. A loss of that level would bring $79.5K back into focus.

For now, BTC remains range-bound between these levels.

We’re watching for the breakout rather than forcing a direction before it happens.
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