$BTC is trading around $86,890, slightly down -0.24%, showing consolidation after a sharp intraday move. Price rebounded strongly from the $86,208 low and is now hovering near short-term moving averages. The MA5 (86,806) and MA10 (86,686) are below price, which supports short-term stability.
However, the MA30 (86,680) overhead indicates that BTC is still trapped in a broader sideways-to-bearish structure. Volume has cooled down, signaling reduced volatility after the earlier swing.
A breakout above $87,200–$87,500 could revive bullish momentum, while losing $86,500 may invite renewed selling pressure. For now, BTC remains in a controlled consolidation phase.
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$BTC is trading around $86,890, slightly down -0.24%, showing consolidation after a sharp intraday move. Price rebounded strongly from the $86,208 low and is now hovering near short-term moving averages. The MA5 (86,806) and MA10 (86,686) are below price, which supports short-term stability.
However, the MA30 (86,680) overhead indicates that BTC is still trapped in a broader sideways-to-bearish structure. Volume has cooled down, signaling reduced volatility after the earlier swing.
A breakout above $87,200–$87,500 could revive bullish momentum, while losing $86,500 may invite renewed selling pressure. For now, BTC remains in a controlled consolidation phase.
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