Today’s look at the Bitcoin chart shows price stuck in a prolonged sideways drift. We’re keeping a negative bias while below resistance at 80,750 — the November 2025 low.
Price is also starting to erode the 55 day moving average, suggesting this consolidation could continue a bit longer.
What’s holding the market up for now is the 200 week moving average around 59,872, which price continues to hover above.
Although a base could form here, the larger structure still points to a bear flag from October 2025, with a downside projection just below 40k yet to be met.
Until Bitcoin breaks above 80,750, we maintain a medium to long term downside bias, with short term patience required as consolidation continues.
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