Bitcoin: Consolidation Expected in $75k-$81k Range
Crypto trader CrypNuevo flags Bitcoin consolidation inside the prior $75k-$81k range as Apple earnings, midterm elections and US-Iran headlines drive volatility next week.
SourceAnalysis
Bitcoin has slipped back into the $75,000-$81,000 consolidation zone that dominated the past year, with CrypNuevo citing Apple earnings, midterm elections and renewed US-Iran headlines as catalysts for elevated volatility next week. Price currently sits at $77,908.1 inside the Bollinger Bands, with the 50-EMA at $79,360.93 and 200-EMA at $81,195.04 acting as overhead resistance while the lower band at $75,622.17 marks immediate support. RSI at 42.75 remains neutral and MACD has printed a bullish golden cross, yet the structure stays bearish until price reclaims the 50-EMA; traders therefore watch for a test of upper-band resistance near $80,690 before any deeper retracement toward the 50-EMA confluence.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.