1.6 Bitcoin Market View

Bitcoin is currently in a sideways consolidation within a range. A little more patience is required as a trend change is imminent. When the price breaks in either direction, the market will accelerate accordingly.

The nearest major support for BTC is around 96,300, while the strongest resistance is above 99,000 to 101,000. Patience is key, especially for those who enjoy short-term trading; now is not the time to chase the price, and greater attention to risk is essential.