Bitcoin trades flat after $87,188 resistance limits further upside

Traders Union
All News
Crypto
Bitcoin rises 0.6% today to $85,106

Highlights

The SEC has approved a rule change allowing Cboe BZX to list and trade six 3x leveraged Bitcoin exchange-traded products.
This regulatory decision creates new institutional and speculative pathways for Bitcoin exposure, expanding available investment products.
Bitcoin trades in a bullish structure with strong momentum, and is expected to consolidate in the $83,023 to $87,188 range over the next 2 to 3 days.

Regulatory milestone boosts leveraged product access and sentiment shift

The SEC's approval of a rule change allowing the Cboe BZX exchange to list and trade six 3x leveraged exchange-traded products tied to Bitcoin, as reported by Tokenpost, marks a major regulatory milestone. This move creates new institutional and speculative avenues for accessing Bitcoin market exposure, potentially driving both trading activity and liquidity. The regulatory green light expands the range of products available to investors and may influence sentiment around the asset's broader adoption.

Bull bias maintained as indicators diverge around support levels

On the H4 timeframe, price action remains above the MA-20 at $84,690 and the MA-50 at $84,202, with the long-term MA-200 at $71,462 far below. The Ichimoku Kijun sits at $85,088, providing immediate support. MACD is in Strong Buy mode, ADX signals Buy, and RSI registers a Buy reading, though Stochastic RSI is oversold and CCI remains neutral. Bull/Bear Power confirms intraday buyer dominance, while the Awesome Oscillator is currently neutral, forming a nuanced technical backdrop.

Tight consolidation expected as breakout levels define risk

Over the next 2–3 trading days, Bitcoin is expected to consolidate within the $83,023 to $87,188 range based on typical volatility projections. The baseline scenario anticipates ongoing movement within this band. Should price break above $87,188, it would likely trigger an extension of upward momentum; conversely, a move below $83,023 would expose the market to further downside risks.

Viktoras Karapetjanc, expert at Traders Union, believes Bitcoin's structure remains fundamentally strong. He sees the SEC approval of leveraged Bitcoin ETPs as a clear sign of growing institutional acceptance. Technicals support a bullish view, with price above all key moving averages and strong buy signals from major indicators. The consolidation within $83,023 to $87,188 should provide a foundation for further upside if resistance breaks. "Regulatory advances and robust market structure strengthen my conviction in Bitcoin’s ongoing positive momentum," says Karapetjanc.

Previously it was reported that Bitcoin was consolidating with mixed technical signals, while regulatory developments around leveraged ETFs signaled potential for heightened market activity. The latest technical readings and price action reinforce a broadly bullish structure, with traders advised to monitor for a breakout above $87,188 as a trigger for further upside momentum.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.