Bitcoin Consolidates Near $84,000, Traders Eye Breakout

Bitcoin is holding steady near $84,000 as traders consolidate and wait for a breakout to determine the market's next move.

The price of BTC remains range-bound, with some analysts pointing to key levels such as $82,500 and $85,000 as crucial support and resistance areas.

Trader Roman noted that Bitcoin needs to turn prior resistance into support to confirm the bullish structure, while a weekly close above $82,500 would strengthen the case for a continued advance.

Ardi highlighted that Bitcoin must reclaim $85,000 to resume its upward momentum, but expects liquidity hunting around $81,000-$83,000 before then.