Bitcoin is currently trading in a range between $84,926 and $85,125, with a market cap of $1.68 trillion and a 24-hour trading volume of $39.79 billion. The 1-hour chart shows consolidation after a rebound from $78,000, with resistance at $86,000. Volume has started to decline, indicating a potential slowdown in momentum. If the price remains above $85,000, further upside could be expected, but a failure to maintain this level may lead to a pullback towards $83,000. The 4-hour chart confirms a bearish trend, with support at $82,000-$83,000 and resistance at $86,000-$87,000. The daily chart also reflects a bearish trend, with bitcoin trading below major moving averages. Oscillator indicators present a mixed outlook, with some suggesting oversold conditions while others favor bearish sentiment. Traders should closely monitor volume trends and potential breakouts or breakdowns. Despite the bearish trend, bitcoin has the potential for recovery if it breaks above $87,000 with strong volume. However, failure to do so could result in further downward pressure, with a possible correction towards $80,000 or even $78,000.



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