4 min readWelcome to today’s technical update on Bitcoin.
While we’re not seeing significant changes on the higher timeframes, Bitcoin remains range-bound within a clearly defined structure. However, the daily chart is starting to reveal some interesting developments that may be worth watching more closely.
Despite trading below high timeframe resistance, the current consolidation taking place just beneath that level could be interpreted as the market building a base. This pattern of consolidation beneath resistance, particularly after a push above the low timeframe range, may serve as the foundation for a potential breakout.
If this consolidation results in a breakout, it would suggest that this area has evolved into a swing zone—a region that, if broken to the upside, might mark a transition into a new leg higher.
While confirmation is still needed, this structure is notable. The more price respects and consolidates around this area, the more significant it becomes if a breakout occurs.
Intraday View – Bitcoin (1H Chart)
On the lower timeframes, Bitcoin continues to trade within a clearly defined range, with range lows around $83,500 and range highs near $85,800. Price has remained inside this range throughout the week, with no major directional moves so far.
With bank holidays approaching, we may continue to see dull or sideways price action across risk assets. However, since Bitcoin trades over the weekend, there’s always potential for new developments outside regular market hours.
If you’re watching charts this weekend, these are the key levels to focus on:
- A break above $85,800 could signal a shift in high timeframe structure and potential momentum continuation to the upside.
- A break below $83,500 may point toward renewed bearish pressure, especially if the move holds on higher timeframes.
We’ve also added a new support zone between $81,200 and $82,100, which could act as the next downside target if the current range breaks lower.
As long as price remains in this range, intraday strategies may continue to dominate, but any breakout could bring new directional clarity heading into next week.
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