Bitcoin Price Analysis: Is BTC’s Consolidation the Calm Before the Storm?

Bitcoin is consolidating near $83,500 after a recovery from the mid-$70,000 range. While the daily chart shows a constructive structure with the 100-day and 200-day moving averages trending upward, BTC faces significant resistance at $88,000. Short-term momentum has cooled, and CryptoQuant’s Apparent Demand Growth metric has turned negative, suggesting that a sustained breakout is not yet confirmed.