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Bitcoin (BTC) has faced repeated rejections near $86,000, signaling strong investor uncertainty. Analyst Daan Crypto highlights key resistance levels hindering upward momentum. The crypto remains stuck in a tight consolidation range despite a recent rebound.
- Bitcoin faces resistance at $86,000, with key barriers including a diagonal downtrend line, 200-day EMA, and 200-day MA.
- A breakout above $90,000-$91,000 is crucial for confirming a bullish trend reversal.
- Daily trading volume has declined by 42.34%, indicating reduced market activity amid consolidation.
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