Victoria Bazir
⬤ Bitcoin has found its footing after the sharp drop earlier this quarter, settling into a well-defined range on the daily chart. Price is holding above local support near the mid-range zone following rejection from levels above $120,000. The current action around $90,000 looks more like a pause than renewed selling pressure.
⬤ The most notable shift is that mid-range support actually held, stopping further downside. After reclaiming this level, Bitcoin didn't produce a strong follow-through drop or an impulsive rally. Candles have tightened up, and price is bouncing between clear horizontal boundaries—classic consolidation behavior.
⬤ Volatility keeps contracting, shown by narrower price swings and weaker follow-through after recent moves. Volume has cooled compared to the heavy selling during the earlier decline, suggesting aggressive participation has backed off. The chart shows repeated reactions at the same support and resistance zones, typical of range-bound conditions. Meanwhile, Bitcoin dominance pressure has eased slightly, opening up a less restrictive environment for capital flow across the broader crypto market.
⬤ This consolidation phase matters because Bitcoin often anchors the market during non-trending periods. When BTC trades sideways, liquidity redistributes rather than concentrates, reducing directional stress across the board. With Bitcoin neither pushing higher nor resuming the decline, current conditions point to balance and digestion of prior moves—likely setting up for a clearer directional signal once volatility picks up again.
Victoria Bazir
