Bitcoin currently sits in a consolidation zone at the lower end of its cycle range. Looking at the technical structure, the major resistance zones—marked by the orange-red band—represent this cycle's potential ceiling, but price hasn't tested that level yet. Not even the yellow zone resistance has been approached. The setup suggests we're still in early-to-mid accumulation phase before any significant upside move.
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Bitcoin currently sits in a consolidation zone at the lower end of its cycle range. Looking at the technical structure, the major resistance zones—marked by the orange-red band—represent this cycle's potential ceiling, but price hasn't tested that level yet. Not even the yellow zone resistance has been approached. The setup suggests we're still in early-to-mid accumulation phase before any significant upside move.