🚨 BITCOIN PRICE UPDATE
Bitcoin has successfully reclaimed the $85K level on lower time frames, signaling short-term strength after recent volatility. However, upside momentum is still capped, with strong resistance sitting above $90K, keeping price compressed within a tight range.
At the moment, $BTC is effectively pinned between major liquidity clusters around $86K and $88.9K. This type of compression rarely lasts long and often precedes a sharp expansion once one side of liquidity is taken.
Adding to the setup, we have two key catalysts in play:
• Bank of Japan (BOJ) rate hike developments
• Bitcoin options expiry
Historically, macro events combined with options expiry tend to increase volatility, especially when price is already coiled near high-liquidity zones.
Over the next 24 hours, the probability of a move toward the range extremes is elevated. Traders should stay alert, manage risk carefully, and watch for a clear breakout or breakdown confirmation before committing aggressively.
Volatility is loading 📊
