BitcoinStruggles for Direction as Price Swings Between $83K and $86K**
Bitcoin’s price has entered a volatile phase, oscillating between $83,000 and $86,000 following days of range-bound trading. Market participants remain divided, with neither bullish nor bearish forces establishing dominance, reflecting broader hesitancy across global markets. While the $83,000 support level has held so far, buyers have failed to recapture a pivotal moving average—a technical indicator critical for reigniting upward momentum. Analysts warn that a breakdown below this support could spark renewed selling pressure, potentially dragging prices toward $80,000 or lower. On the upside, reclaiming $90,000 is viewed as essential for bulls to shift market psychology, with the $81,000 zone now acting as a make-or-break defense against deeper declines.
