Bitcoin Consolidates Below Key Resistance

Bitcoin's price action has been stuck in a tight consolidation band between $83,266 and $85,000 for the past few hours.

The latest price print at $84,014 is hovering just under short-term resistance at $85,000, which has been tested four times already.

This narrow range is described as a 'high-tight flag,' typically viewed as a bullish continuation pattern, but with an underlying mixed momentum profile.

Two distinct long strategies are outlined for traders looking to participate in the upside: an aggressive approach and a more conservative breakout entry.