BTCUSDT - Consolidation above 80K and the 50-day moving average Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PRLinda BTCUSDT.P continues its consolidation phase above 80K — the medium-term level formed during the previous bearish cycle. This could become a fairly important prerequisite for another rally. The BTC network hashrate has resumed growth, which indicates confidence among large financial institutions in BTC’s prospects. Inflows into BTC ETFs continue. However, the market is awaiting the results of the US vote. Technically, on D1–W1, Bitcoin is consolidating above the key support level and the 50-day moving average, which generally indicates the market’s interest in the current zone. The market maintains a bullish trend. Consolidation above 81K and the formation of a reversal pattern will confirm the bulls’ aggressive stance and, in turn, could trigger growth toward 84000–87500. Resistance levels: 84000, 87500 Support levels: 80000, 75000 A retest of the 80780–80000 zone and an aggressive reaction from the bulls could trigger a continuation of growth, which has been held back all this time by the unstable fundamental backdrop; however, the market maintains a bullish trend. Best regards, R. Linda!