BTC/USDT – Rangebound Consolidation Continues
Over the past week, Bitcoin ($BTC) has been trading within a tight range between $92,600 and $95,500. Despite occasional volatility, neither buyers nor sellers have succeeded in breaking out of this range, resulting in a continued market stalemate.
Unless BTC decisively moves beyond these boundaries, the price is expected to remain sideways with intermittent short-term fluctuations. A breakout above $95,500 or a breakdown below $92,600 could mark the beginning of a new directional trend.
Key Levels to Watch:
Support: $92,600
Resistance: $95,500
Trading Suggestion:
Remain cautious and wait for a confirmed breakout, supported by strong trading volume, before increasing position sizes.
Current Price:
BTC: $94,746.45 (+0.13%)
