Newsbit analyst sees fading Bitcoin momentum and warns of a correction
- —Two-week range: $82,600–$87,400 with volatility steadily declining
- —Daily RSI shows a bearish divergence at $87,000 resistance
- —The $86,000–$90,000 zone is former three-year trend support, now resistance
- —A breakdown targets support at $81,000–$83,000
Why it matters: The narrowing range points to an imminent breakout: a move above $87,000 opens further upside, while losing the trendline risks a drop to $81–83K.
Source: Newsbit