After a pullback from the $80,000 area, Bitcoin rallied toward the $95,000 zone. However, following this move, price resumed its bearish leg and is now moving back toward the $85,000 level.
The key question at this point is whether this zone can act as a meaningful support and stabilize price, or if selling pressure will continue.
As I have mentioned before, my higher-timeframe bias on Bitcoin remains bearish. From a broader perspective, I still consider the $60,000–$70,000 range as the primary downside target.
That said, bearish momentum has recently weakened. As a result, in the short term, Bitcoin is likely to experience range-bound volatility between $85,000 and $95,000 over the coming days.
A clean break below $80,000 does not appear likely in the near term, unless a major fundamental or macro news event triggers renewed strong selling pressure.
The key question at this point is whether this zone can act as a meaningful support and stabilize price, or if selling pressure will continue.
As I have mentioned before, my higher-timeframe bias on Bitcoin remains bearish. From a broader perspective, I still consider the $60,000–$70,000 range as the primary downside target.
That said, bearish momentum has recently weakened. As a result, in the short term, Bitcoin is likely to experience range-bound volatility between $85,000 and $95,000 over the coming days.
A clean break below $80,000 does not appear likely in the near term, unless a major fundamental or macro news event triggers renewed strong selling pressure.
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