Bitcoin contained within a narrow range

Bitcoin has been contained within a narrow range, largely due to the 200‑day M/A at 82,464. We either need to see a sustained break above this level, or the market will treat it as a major resistance point and turn lower.

Technical indicators currently suggest the market may back away from this resistance. With daily ranges so tight, even the Pivot Point is less effective than usual.

Today’s DP is 81,831, and we are trading below it.

Short‑term support sits at 80,921. If this level is lost, look for 79,036/026 to entice prices lower.

Of course, a sustained break above 82,464 changes the outlook entirely and would propel the market higher, with 83,437 / 84,276 as the short‑term upside objectives.

This is not to be construed as investment advice.