Bitcoin Faces Downward Pressure as It Tests Range Support

According to the Rakuten Wallet Daily Report, Bitcoin has shifted its consolidation range downward to the $83,000 level. The asset is currently testing the lower bound of its $82,000 to $85,000 range. Market movements are showing correlation with crude oil prices, and while reports of nuclear concessions emerged, both involved nations have denied them. Despite the short-term pressure, the formation of an ascending flag pattern suggests a potentially positive long-term outlook.