Bitcoin is currently stuck in the 86K to 92K range, and it's hard to expect any major moves within this box.

The real watershed is at the 92K mark.

If the price touches 92K, I think there's a high probability it'll break through the ceiling and surge upward. But what if it never even gets close to 92K? Then we need to be cautious—it might retest around 80K, possibly forming a double bottom before making any moves.

But honestly, the real bottom shouldn't be too far off. Once this bottom is established, there's a good chance we'll see a strong rebound from the end of this year to the first quarter of next year.