BITCOIN TRADES NEAR $87K AS TRIANGLE PATTERN POINTS TO POTENTIAL $95K MOVE
Bitcoin is trading close to $87,255, down around 0.33% on the day, as price movement slows within a tightening range. Despite the mild dip, overall market activity remains healthy, with 24-hour trading volume reaching $47.7 billion, showing that interest has not faded.
Bitcoin remains the largest cryptocurrency by market value, with a total market capitalization of approximately $1.74 trillion and a circulating supply of just under 19.97 million BTC. This limited supply continues to support Bitcoin’s long-term scarcity narrative.
The current pause does not signal a loss of strength. Instead, it appears the market is taking a breather after several attempts earlier in the week to push above the $90,000 level. With clear direction still lacking, traders seem to be waiting for confirmation before making their next move, rather than rushing to sell.
Bitcoin (BTC/USD) Symmetrical Triangle Signals a Key Decision Point
On the 2-hour chart, Bitcoin’s price outlook remains neutral as BTC trades within a clearly defined symmetrical triangle—a technical pattern that often comes before a strong directional move. Price action continues to respect the rising lower trendline, with buyers repeatedly stepping in around the $86,700–$87,000 zone. This area has acted as a reliable technical base, limiting further downside.
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From a structural perspective, Bitcoin is still forming higher lows, an important sign that the broader uptrend has not broken. The 50-EMA and 100-EMA, clustered near $87,800–$88,000, suggest market balance rather than weakness. Notably, BTC has not posted a decisive close below these moving averages, indicating that sellers lack strong follow-through.
Recent candlestick behavior supports this interpretation. A series of spinning tops and doji-like candles, along with long lower wicks, points to consistent dip-buying activity. Rather than signaling panic selling, the price action suggests traders are cautiously accumulating while waiting for a clear breakout signal.
Market Momentum Pauses, Bears Fail to Take Control
Momentum indicators continue to support a consolidation phase rather than a bearish shift. The RSI has cooled toward the low-50 range, easing from recent highs while staying well above oversold conditions. There is no bearish divergence, and declining volatility suggests the market is compressing—a common signal ahead of a larger move.
A confirmed breakout above $90,200 could open the door to a measured upside move. In that case, price targets come into focus at $92,200, followed by the $94,500–$95,000 zone, aligning with the triangle’s projected range.
On the downside, a decisive break below $86,500 would shift the outlook and expose $85,200. However, the current structure continues to favor buyers, making this scenario less likely for now.
Key Levels Defining Bitcoin’s Next Move
Traders are closely monitoring several technical zones that will likely shape Bitcoin’s next direction:
- Support zone: $86,700–$87,000
- Key resistance: $90,200 triangle ceiling
- Bullish targets: $92,200 → $95,000
- Bearish invalidation: Below $86,500
At this stage, waiting for confirmation remains the dominant strategy. A sustained move above resistance offers a clearer bullish setup, while downside risk stays limited as long as the price holds within the triangle.
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Accumulation Signals Strength Beneath the Surface
As Bitcoin’s range continues to tighten, the price behavior increasingly points to accumulation rather than distribution. This suggests market participants are positioning quietly, keeping the broader outlook constructive as Bitcoin prepares for its next expansion phase.
PEPENODE Presale Nears Completion as Mine-to-Earn Meme Coin Gains Attention
PEPENODE is building strong momentum as an emerging meme coin project that combines viral internet culture with interactive, game-style mechanics. The project has already raised more than $2.39 million, and with the presale approaching its hard cap, interest is accelerating as the final phase draws closer.
What sets PEPENODE apart is its mine-to-earn virtual environment. Rather than relying on passive holding alone, participants can construct digital server rooms using Miner Nodes and facilities, earning simulated rewards through an intuitive visual dashboard. This gamified approach introduces competition and engagement into the meme coin space, giving users an active role even before the official launch.
The project also includes presale staking, allowing early supporters to earn enhanced rewards ahead of the token generation event. Following launch, features such as leaderboards and bonus incentives are planned to encourage continued participation and long-term engagement.
Currently, $PEPENODE is priced at $0.0012112, with a limited allocation still available. As the presale moves into its final window, opportunities for early entry are quickly narrowing.
