Here's what happened when Bitcoin punched through the 62,000,66,000 base after months of chopping around.
Every trader I know has been here before. You catch the breakout, get excited, then watch price stall at the first real resistance while you second-guess whether to add, hold, or just take the small win and get out.
Right now $BTC is stuck in that exact decision zone. Sellers have already defended the 86,000,87,300 area twice, which reminds me of how the 2021 cycle played out when it kept failing at similar psychological levels after the initial run. The 80,500,82,000 support is still holding and keeping the structure bullish, but it feels a lot like those mid-cycle pauses we saw with $ETH before its bigger moves.
A clean breakout above 87,300 would confirm the next strong push higher. If that support cracks though, a slide toward 76,000 wouldn't surprise anyone who's watched these setups before. $SOL had a comparable range last year and the ones who waited for confirmation instead of FOMO-ing the first rejection came out ahead.
Where do you think this range resolves from here?
#Bitcoin #CryptoMarkets #BTC
Every trader I know has been here before. You catch the breakout, get excited, then watch price stall at the first real resistance while you second-guess whether to add, hold, or just take the small win and get out.
Right now $BTC is stuck in that exact decision zone. Sellers have already defended the 86,000,87,300 area twice, which reminds me of how the 2021 cycle played out when it kept failing at similar psychological levels after the initial run. The 80,500,82,000 support is still holding and keeping the structure bullish, but it feels a lot like those mid-cycle pauses we saw with $ETH before its bigger moves.
A clean breakout above 87,300 would confirm the next strong push higher. If that support cracks though, a slide toward 76,000 wouldn't surprise anyone who's watched these setups before. $SOL had a comparable range last year and the ones who waited for confirmation instead of FOMO-ing the first rejection came out ahead.
Where do you think this range resolves from here?
#Bitcoin #CryptoMarkets #BTC