Bitcoin Price Analysis: BTC Trades in Tight Range Near $80K as Market Awaits Major Breakout or Breakdown
Bitcoin is consolidating in a narrowing range just above $80K, with repeated failures to clear resistance near $95K keeping sentiment cautious. On the daily and 4-hour charts, BTC remains below the 100-day and 200-day moving averages while forming an ascending triangle between $80K and $95K. Exchange reserves have dropped to multi-year lows around 2.75M BTC, indicating reduced sell-side supply but not yet triggering strong upward price momentum.