Bitcoin: Consolidation Above the 200 WMA — But Bias Still LowerBitcoin FuturesCME_DL:BTC1!The_STAToday’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. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.