Bitcoin is still stuck in a tight range after the sharp November sell-off.
• Price is holding the same support zone around the mid-$80Ks • Lower highs show sellers are still active • Bulls need a clean break above the descending trendline to regain momentum
Right now this is compression, not capitulation. BTC is waiting for a catalyst, not collapsing.
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$BTC update
Bitcoin is still stuck in a tight range after the sharp November sell-off.
• Price is holding the same support zone around the mid-$80Ks
• Lower highs show sellers are still active
• Bulls need a clean break above the descending trendline to regain momentum
Right now this is compression, not capitulation.
BTC is waiting for a catalyst, not collapsing.