#DeepCreationCamp Bitcoin (BTC) is currently trading in a consolidation phase after a strong impulsive move earlier this quarter. Price action shows that buyers are defending a key support zone near the previous breakout level, indicating that bullish structure remains intact on the higher timeframes. As long as BTC holds above this support, the overall trend bias stays positive.



On the daily chart, BTC is forming a tightening range, suggesting that a volatility expansion could be approaching. A decisive breakout above the recent resistance zone would likely trigger momentum-driven buying, potentially pushing price toward new local highs. However, failure to break resistance and a loss of the immediate support area could lead to a short-term correction toward deeper liquidity zones.

The RSI is hovering around neutral territory, showing neither overbought nor oversold conditions. This signals room for movement in either direction. Meanwhile, the MACD is flattening, reflecting reduced momentum compared to the previous rally. Traders should watch for a bullish crossover as confirmation of continuation.

Volume remains moderate, which is typical during consolidation phases. A spike in volume alongside a breakout would validate the next directional move.$BTC
BTC5.96%
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