Bitcoin Thoughts And Analysis
$BTC 1 Day Chart
Bitcoin's daily chart remains range-bound, showing little directional momentum as price consolidates below key resistance at 99,860. The 50-day moving average continues to act as resistance, keeping Bitcoin suppressed below psychological levels. Volume has declined, indicating a lack of strong participation from buyers or sellers. Until a decisive move occurs above resistance or below recent lows near 95,000, the market is likely to remain choppy and indecisive. The overall structure suggests $BTC is still in a period of re-accumulation or distribution, awaiting a catalyst for its next move.
