Odaily Planet Daily report: CryptoQuant analyst Axel Adler Jr. posted on X that Bitcoin has remained in a volatility contraction phase, with the price range between the highest and lowest prices over the past 30 days narrowing from 13% to 6%, and the price holding steady within the $80,000 to $86,000 range for nine consecutive days. Yesterday, Bitcoin found support near the 365-day simple moving average (SMA 365), rebounded, and closed at $80,500, marking its lowest level in nearly 30 days.
He noted that volatility contraction is often followed by sharp price movements, with a key resistance level at $86,000 and the 365-day moving average as a key support level.

