Bitcoin Second Chance priceBTC

$BTC Expect range-bound price action and lower volatility unless a catalyst (macro data, regulation, ETF flows) triggers a breakout. Active traders may watch intraday levels near $87K for BTC and $2.9K for ETH

$BTC Bitcoin is trading in a tight range (~$87,500–$88,000) as the market consolidates after recent volatility

Bitcoin remains in a sideways-to-corrective phase, trading just below major resistance levels after failing to reclaim its breakdown zone. Despite short bounces, momentum remains capped, indicating cautious market sentiment. Market Structure & Trend BTC is currently moving inside a broad consolidation range, showing: Failure to break back above the breakdown zone Lower highs forming since the last peak Price still sitting below major Fibonacci mid-levels As long as BTC remains below key resistance levels, the structure stays bearish-to-neutral rather than bullish. EMA Structure (Ceiling Overhead) Price is currently trading below all major EMAs, which are acting as layered resistance: 20 EMA — $88,331 (short-term resistance) 50 EMA — $91,657 100 EMA — $97,141 200 EMA — $100,622 This stacked EMA cluster shows that every bounce is meeting sellers. A sustained move back above the 50 EMA would be the first sign of stabilization. Fibonacci Levels — Key Rejection Zones Ahead BTC is still trading below key retracement levels: 0.236 Fib — $91,395 0.382 Fib — $98,045 0.5 Fib — $103,419 0.618 Fib — $108,794 0.786 Fib — $116,446 The $91K–$98K zone is a critical resistance band — reclaiming it is essential for any meaningful recovery. Support Zone Bitcoin is holding above an important support base: Local support: around the current consolidation range Major downside zone: $80,646 (Fib 0) Holding above this support keeps BTC in consolidation rather than breakdown mode. A loss of this level would signal renewed bearish momentum. Momentum (RSI) RSI: 48 RSI is slightly below neutral, meaning momentum is improving but still lacks strong bullish conviction. 📊 Key Levels Resistance $91,395 → $98,045 → $103,419 → $108,794 → $116,446 Support Local consolidation range → $80,646 📌 Summary Bitcoin remains in range-bound consolidation, trading below its EMA cluster and major Fibonacci resistances. A breakout above $91K–$98K would be the first meaningful sign of recovery, while a breakdown below support could reopen downside risk toward $80K. Until then, BTC is likely to continue moving sideways with cautious volatility. $BTC

GLOBAL CRYPTO & GEOPOLITICS NEWS Iran’s Supreme Religious Leader has reportedly stated that the country’s government plans to sell certain weapons and military software to other countries, with payments to be made in Bitcoin, Ethereum, and other major cryptocurrencies. According to reports, Iran is turning to Bitcoin as a way to bypass international economic sanctions that restrict its access to the global financial system, particularly SWIFT. These sanctions have made it difficult for the country to conduct traditional cross-border financial transactions. Bitcoin was chosen because it operates on a decentralized blockchain network, meaning no single government or authority can shut it down or control it. Its borderless nature allows countries to exchange value directly without relying on centralized financial institutions. As a result, Iran and its trade partners are expected to settle transactions using Bitcoin and other leading cryptocurrencies, avoiding conventional banking channels altogether. This move is not entirely new. Russia has also been reported to use Bitcoin in oil trade transactions with various countries as an alternative payment method amid financial restrictions.#BTC