Bitcoin ($BTC ) is back above the $85K level and is once again testing the top of its current range.
BTC has been consolidating between approximately $83K and $85K after moving higher from the $79.5K area.$BTC
Right now, $85K is the key level to watch.
If Bitcoin breaks and holds above $85K, the next major resistance I’m watching is around $87K.
If $85K $BTC gets rejected again, I would want to see $83K hold before expecting another strong move higher.
For now, the overall structure is still holding up.
The key question is whether BTC can finally break and sustain above the current range.
