BTC Price Consolidation Sets Up High-Stakes Breakout-or-Break Decision
Bitcoin (BTC) is currently consolidating at $79,639 after a strong upward move. The MACD momentum has flatlined, and the RSI is cooling just below overbought levels.
A 6.58% surge in open interest and whale-heavy long positioning suggest that BTC will test resistance at $81,154-$82,670.
The market context indicates that this is not a bear market bounce but rather a bull trend digesting its own gains.