Bitcoin is currently trading within a narrow range, fluctuating around $87,752. The cryptocurrency's market cap stands at $1.75 trillion, with a 24-hour trading volume of $15.69 billion. Price action is confined between a support level of $83,800 and resistance at $94,600, as technical indicators and volume present mixed signals.
On shorter timeframes, Bitcoin is moving between $86,300 and $88,000, while the fear and greed index remains neutral. Although momentum suggests a potential bullish shift, Bitcoin continues to trade below key moving averages, maintaining a bearish trend.
Bitcoin Consolidates in Narrow Range Amid Market Uncertainty
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