Bitcoin's trading range has tightened significantly over the past 30 days, with the spread between highs and lows shrinking from 13% to 6%, according to analyst Axel Adler Jr. The price has remained confined within the $80,000–$86,000 band for nine consecutive days. Yesterday, BTC rebounded after testing the 365-day simple moving average (SMA 365) as support, closing at $80,500—a new 30-day low. Adler noted that narrowing ranges typically precede explosive directional moves, identifying $86,000 as the key resistance level above and the SMA 365 as critical support below.