$BTC is once again continuing to trade sideways in its neutral range.
Not much has changed over the past 24 hours, so I’ll keep this short and sweet. Yes, Bitcoin has seen a strong bounce from $62.5k, which heavily validates that support level’s relevance.
Yet we have not even seen this rally continue into the upper resistance of the neutral range at $65k. The past few weeks of price action have been extremely boring and have resulted in pretty much no relevant structural moves.
With that being said, these periods of consolidation tend to result in large, explosive directional moves in the market. Once we breakout above $65k, we can start to entertain stronger continuations higher, and if we break $62k, we can start to entertain stronger continuations lower.
So although this price action is boring, it’s more important than ever to pay very close attention!
August 18, 2026 3.9K 3 2
