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Bitcoin Price Today: Upside Momentum Fades As BTC Consolidates Above $83,000

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Anjali Belgaumkar

Bitcoin is trading near $85,416, down 0.4%, as it consolidates above $83,000. Swissblock said another push toward $87,500 to $90,000 is still possible, but each attempt is arriving with less force. The upside structure survives, though the internal engine is gradually losing intensity. A destabilizing Risk Index would signal that the slowdown is turning into a regime change. Glassnode data shows large entities are back in profit. Small wallets stayed profitable throughout, holding well above their $48,000 cost basis at the June low, while sharks and whales slipped underwater. In the 2022 bear market, price fell below every group’s cost basis.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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