The market has slightly shifted back into negative territory, although certain cryptocurrencies continue to perform positively, as reported by CoinMarketCap.
Bitcoin (BTC) has experienced a modest increase of 0.65% within the past 24 hours.
Examining the hourly chart reveals that BTC’s price is declining after encountering resistance near $89,150. Should the daily candle close significantly below this level, a further correction toward approximately $86,000 appears probable in the near term.
Looking at a broader timeframe, neither buyers nor sellers hold clear control since Bitcoin’s price remains distant from key support and resistance zones.
This lack of dominance suggests that significant price swings are unlikely throughout this week.
From a medium-term perspective, conditions remain comparable. Trading volume is subdued, indicating insufficient momentum from both bulls and bears. Consequently, Bitcoin is expected to consolidate within the range of $84,000 to $94,000 until month-end.
At the time of writing, Bitcoin’s value stands at $88,147.