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BTC/USDT Price Action Update
Bitcoin is currently hovering around $85,729, showing a tight consolidation near a key resistance zone.
Key Observations:
Resistance Level: Multiple rejections near the $85,880–$85,900 zone (marked with red arrows) suggest strong selling pressure.
Support Trendline: Price continues to respect the ascending trendline (white), with several bounces marked by green arrows.
Crucial Zone: We're seeing a battle near this converging point (yellow circle), which could indicate a major breakout or breakdown soon.
Scenarios to Watch:
Break Above $85,900: Could trigger bullish momentum toward the $88K level.
Break Below Trendline (~$85,560): May lead to a deeper correction, possibly testing $84,187 or lower.
Stay sharp — a decisive move is likely coming soon!
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