Bitcoin: Consolidation Persists Near $83K

Bitcoin continues to trade in tight consolidation according to Michaël van de Poppe, who has maintained the same view for the past week and sees no meaningful directional progress until price delivers a decisive break.

Price currently sits at $83150.43 inside the Bollinger Bands with the upper resistance at $83320.89 and lower support at $80920.79. The 50-EMA at $82327.58 and 200-EMA at $82066.36 both act as firm support beneath spot, while the MACD golden cross at 201.97 keeps the broader structure bullish and RSI at 59.44 shows neutral momentum. With price pressing the upper band yet lacking overbought confirmation, a healthy pullback toward the 50-EMA confluence zone remains the most probable next step before any sustained continuation higher or breakdown lower materializes.