USD 80,000 after Friday’s consumer inflation figures before giving back much of the advance. Traders now face a narrow range before the Federal Reserve decision. CryptoQuant identified approximately USD 81,700 as the next major level Bitcoin must clear before a new bullish phase gains stronger confirmation.
The analytics firm described Bitcoin’s underlying trend as constructive after a roughly 24% rebound across two weeks. Still, several resistance levels remain above the current price. Additional resistance sits near USD 83,600 and USD 88,700. On the downside, CryptoQuant identified USD 70,000 as a potential support level.
A stronger accumulation area sits between USD 62,000 and USD 65,000. Long-term holders have accumulated about 476,000 Bitcoin around that broader zone this year. Can Bitcoin clear USD 81,700 while markets adjust to another Federal Reserve rate increase?
For now, Bitcoin remains between resistance near USD 80,000 to USD 82,000 and major support below the current market price.