Bitcoin is currently trading sideways in a narrow price range around $84,500, with supply and demand balanced. The RSI is fluctuating around the 50 level but has currently returned to the buying zone, increasing the likelihood of BTC continuing its upward trend.

If BTC holds above $84,500, the next target will be the 200 EMA on the 4H chart (~$87,000).

However, data from CoinGlass shows that a large amount of liquidity is sitting below $80,000. BTC may sweep liquidity before reversing to the upside, with an important support zone at $76,000 - $77,000 (50 EMA on the Weekly). BTC will return to the support zone of $77,000 - $78,000 before opening up a new uptrend.