$BTC is consolidating tightly around $88k, squeezed between overlapping moving averages. Price has repeatedly failed to break above $88.5k, showing indecision after the previous rally. This coiling pattern typically precedes a significant move. A decisive break above $88.5k with volume would confirm bullish continuation, while failure could lead to retesting lower support.
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$BTC is consolidating tightly around $88k, squeezed between overlapping moving averages. Price has repeatedly failed to break above $88.5k, showing indecision after the previous rally. This coiling pattern typically precedes a significant move. A decisive break above $88.5k with volume would confirm bullish continuation, while failure could lead to retesting lower support.
Targets:
TP1: $90,200
TP2: $92,500
TP3: $95,000
Stop Loss: $86,400