Overview
- Bitcoin is consolidating in a tight $87,000–$91,000 range, recently changing hands around $90,500.
- The 21‑day moving average near $88,500 and a nearby trend line are acting as short‑term support for momentum setups.
- Analysts say sustained acceptance above $91,000–$91,200, preferably on rising volume, would validate renewed upside, while repeated rejection favors continued range trading.
- Weekend liquidity remains thin and choppy, with Lennaert Snyder highlighting $90,930 as a potential fade level and $88,430 as a key support to watch for sweeps and reversals.
- The 730‑day moving average near $83,900 is flagged as the structural downside pivot, and some chart views suggest a potential 15% advance only if a confirmed breakout materializes.