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#Bitcoin Still Trapped Inside The Range
$BTC is still trading below a major resistance zone and buyers have not shown enough strength for a clean breakout yet. Every move higher is currently facing selling pressure near the top of the range.
For now, the market remains stuck between support and resistance, which explains the choppy and slow price action traders are seeing.
Support Zone: $58,000 - $59,000
Resistance Zone: $62,500 - $63,300
A strong break above the resistance area could open the door for a move toward $64,000 - $66,000 and bring bullish momentum back into the market.On the other hand, losing support could lead to another test of the $54,000 - $56,000 region before buyers step in again.
At the moment, Bitcoin is still in a consolidation phase. The next major move will likely come only after price escapes this range with strong volume and conviction. Patience remains the best strategy until the market shows its hand clearly.
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