Bitcoin Enters Decision Zone Ahead of Quarterly Close

Bitcoin is hovering at $83,516.1 in a tight decision zone on its long-term (LTF) chart, with less than an hour to go before the Daily, Monthly, and Quarterly closes.

The higher timeframes show an extreme bullish structure over the past six months, according to analysis.

A 4-hour close above the 21 Simple Moving Average (SMA) at $83,635 would raise the odds of breaking higher and challenging the Yearly Open, while a close below would lift the probability of retesting the $82.5k support level.

Traders will be monitoring whether any pullback prints a higher low or lower low, as this could impact the next direction for BTC.