According to Bitcoinist, after several days of consolidation, Bitcoin's price is now at a critical juncture, fluctuating between $83,000 and $86,000. Despite brief attempts to break out, the price remains stagnant, with neither bulls nor bears able to take full control of the market. This indecision reflects the broader uncertainty in global financial markets, as ongoing macroeconomic tensions — including the prolonged U.S.-China trade conflict — continue to unsettle investors.

Lacking a clear catalyst, Bitcoin still lacks direction, hovering below key moving averages and failing to reclaim the $90,000 mark — widely seen as the threshold to confirm a sustained uptrend. Meanwhile, the strong support level near $81,000 remains intact, indicating that long-term holders continue to provide a solid foundation of confidence for Bitcoin.

Analytics firm Glassnode noted that unrealized losses, normalized by percentage pullback, show that short-term holders are now experiencing heavy losses, similar to levels seen during the early stages of bear markets in previous cycles. This data suggests a fragile market structure, where further downside pressure could trigger broader sell-offs — or conversely, if sentiment shifts, could lead to a sharp rebound.

For now, Bitcoin remains under pressure, and traders are closely watching for a decisive breakout that could determine the next major move.