Bitcoin - Bulls Take Control:Short term rally to $86K?
Bitcoin has once again reacted to the $81,000 support level,bouncing from this key demand zone and showing signs of bullish momentum. The price is currently moving upwards,and the next logical target appears to be the $85,500 – $86,000 zone,where a Fair Value Gap (FVG) and the Fibonacci golden pocket align.This area is expected to act as a significant resistance level, meaning we could see a rejection from there, leading to another move back toward support.
The plan is to monitor the price as it approaches $86,000,watching for signs of a reversal or continued strength.If a rejection occurs Bitcoin could make its way back toward $81,000 or lower,providing another potential buying opportunity.
Bitcoin’s Reaction to $81,000 – A Strong Demand Zone
$BTC has consistently found support at $81,000, and this level once again played a crucial role in preventing further downside. This area has been tested multiple times, reinforcing its importance in the current price action. Each time the price has dropped to this level, buyers have stepped in aggressively, causing strong rejections to the upside.
The latest bounce from this support level suggests that there is still demand in the market, at least for now. The presence of long wicks at this level indicates that sellers attempted to push the price lower, but buyers quickly absorbed the selling pressure, resulting in a reversal. This move aligns with the broader market structure, which suggests that Bitcoin is still ranging between support at $81,000 and resistance near $86,000.
Short-Term Target: Fair Value Gap (FVG) & Golden Pocket at $86,000
Now that Bitcoin has rebounded from support, the next major area of interest is the Fair Value Gap (FVG) and the golden pocket retracement zone around $85,500 – $86,000. This level is important for several reasons.
First, the golden pocket (0.618 – 0.65 Fibonacci retracement) is a common area where price reversals occur, especially after a significant move. It acts as a magnet for price action, drawing the market toward it before a potential rejection.
Second, the Fair Value Gap (FVG) represents an imbalance in price, meaning $BTC could aim to "fill" this gap before making its next major move. Gaps like these often get revisited before the market decides on a new trend direction.
Finally, liquidity is likely concentrated above $85,000, meaning stop losses from short positions could be triggered in this zone, leading to increased volatility. If Bitcoin reaches this level, traders should closely monitor how price reacts. A strong rejection could signal a move back down, while a clean breakthrough could indicate further upside potential.
Potential Rejection and Move Back to Support
Despite the short-term bullish outlook, there is a high probability that Bitcoin will face resistance near $86,000, leading to a pullback. If this rejection occurs, the price could once again retest the $81,000 support level. This would keep Bitcoin within a broader trading range and present another opportunity for buyers to step in.
A failure to hold $81,000 on the next test could open the door for a deeper correction toward $78,000 – $76,000,where more buyers might be waiting. However, as long as Bitcoin remains above the $81,000 mark, the market structure remains relatively stable.
Bitcoin - Bulls Take Control: Short term rally to $86K?
Bitcoin has once again reacted to the $81,000 support level, bouncing from this key demand zone and showing signs of bullish momentum. The price is currently moving upwards, and the next logical target appears to be the $85,500 – $86,000 zone, where a Fair Value Gap (FVG) and the Fibonacci golden pocket align. This area is expected to act as a significant resistance level, meaning we could see a rejection from there, leading to another move back toward support.
The plan is to monitor the price as it approaches $86,000, watching for signs of a reversal or continued strength. If a rejection occurs, Bitcoin could make its way back toward $81,000 or lower, providing another potential buying opportunity.
Bitcoin’s Reaction to $81,000 – A Strong Demand Zone
Bitcoin has consistently found support at $81,000, and this level once again played a crucial role in preventing further downside. This area has been tested multiple times, reinforcing its importance in the current price action. Each time the price has dropped to this level, buyers have stepped in aggressively, causing strong rejections to the upside.
The latest bounce from this support level suggests that there is still demand in the market, at least for now. The presence of long wicks at this level indicates that sellers attempted to push the price lower, but buyers quickly absorbed the selling pressure, resulting in a reversal. This move aligns with the broader market structure, which suggests that Bitcoin is still ranging between support at $81,000 and resistance near $86,000.
Short-Term Target: Fair Value Gap (FVG) & Golden Pocket at $86,000
Now that Bitcoin has rebounded from support, the next major area of interest is the Fair Value Gap (FVG) and the golden pocket retracement zone around $85,500 – $86,000. This level is important for several reasons.
First, the golden pocket (0.618 – 0.65 Fibonacci retracement) is a common area where price reversals occur, especially after a significant move. It acts as a magnet for price action, drawing the market toward it before a potential rejection.
Second, the Fair Value Gap (FVG) represents an imbalance in price, meaning Bitcoin could aim to "fill" this gap before making its next major move. Gaps like these often get revisited before the market decides on a new trend direction.
Finally, liquidity is likely concentrated above $85,000, meaning stop losses from short positions could be triggered in this zone, leading to increased volatility. If Bitcoin reaches this level, traders should closely monitor how price reacts. A strong rejection could signal a move back down, while a clean breakthrough could indicate further upside potential.
Potential Rejection and Move Back to Support
Despite the short-term bullish outlook, there is a high probability that Bitcoin will face resistance near $86,000, leading to a pullback. If this rejection occurs, the price could once again retest the $81,000 support level. This would keep Bitcoin within a broader trading range and present another opportunity for buyers to step in.
A failure to hold $81,000 on the next test could open the door for a deeper correction toward $78,000 – $76,000, where more buyers might be waiting. However, as long as Bitcoin remains above the $81,000 mark, the market structure remains relatively stable.
Result
Bitcoin $BTC is currently in a short-term bullish phase, with price targeting the $86,000 resistance zone. However, traders should be cautious as this level aligns with key technical factors such as the golden pocket, Fair Value Gap, and potential liquidity grab. A rejection from this area could lead to another move back down to support.
For now, the key levels to watch are $86,000 for a potential rejection and $81,000 for a potential retest. If Bitcoin breaks through resistance convincingly, we could see a more extended rally, but until then, the market remains within a defined range.

The Technical Aspects of $IMT and Its Blockchain Infrastructure
$IMT, the native cryptocurrency of the Impact Protocol, operates on a decentralized blockchain network. This network utilizes a unique consensus algorithm and architecture to facilitate secure, scalable, and decentralized transactions.
Consensus Algorithm:
- The $IMT blockchain employs a Delegated Proof of Stake (DPoS) consensus algorithm.
- DPoS allows users to vote for validators, who are responsible for creating new blocks and verifying transactions.
- This consensus algorithm provides a balance between security, scalability, and decentralization.
Network Architecture:
- The $IMT blockchain operates on a modular architecture, allowing for greater flexibility and scalability.
- The network consists of multiple nodes, each responsible for processing and verifying transactions.
- This architecture enables the $IMT blockchain to handle a high volume of transactions per second.
Smart Contract Functionality:
- The $IMT blockchain supports the creation and execution of smart contracts.
- Smart contracts enable the automation of various processes, such as token transfers and governance decisions.
- This functionality allows developers to build decentralized applications (dApps) on the $IMT blockchain.
Scalability and Security:
- The $IMT blockchain is designed to be highly scalable, with the ability to process thousands of transactions per second.
- The network's DPoS consensus algorithm and modular architecture provide a high level of security and resistance to 51% attacks.
- The $IMT blockchain also utilizes advanced cryptography and encryption techniques to protect user data and transactions.
Decentralization and Governance:
- The $IMT blockchain operates on a decentralized governance model, allowing users to participate in decision-making processes.
- The network's DPoS consensus algorithm ensures that validators are incentivized to act in the best interests of the network.
- This decentralized governance model provides a high level of transparency and accountability within the $IMT ecosystem.
Conclusion:
The technical aspects of $IMT and its blockchain infrastructure provide a solid foundation for a secure, scalable, and decentralized network. The unique consensus algorithm, modular architecture, and smart contract functionality enable the $IMT blockchain to support a wide range of use cases and applications.
Thai SEC files complaint against OKX for alleged regulatory violations
The Thai Securities and Exchange Commission has filed a complaint against OKX for operating without a license and other infractions.
The Thai SEC has filed a complaint against OKX crypto exchange, citing multiple violations of Thailand’s digital asset regulations, as originally reported by Finance Feeds. According to the SEC, OKX has been offering trading services in Thailand without the necessary license under the Digital Asset Business Act B.E. 2561 (2018). The SEC also alleged that the exchange hasn’t put adequate Know Your Customer and Anti-Money Laundering protocols, posing potential risks to Thai traders. Another issue raised by the SEC was that OKX has allegedly failed to comply with the country’s reporting requirements, preventing the Thai authorities to maintain proper regulatory oversight of its operations.
The move against OKX is part of the Thai SEC’s crackdown on crypto exchanges that operate without authorization in the country. In July 2021, the Thai SEC filed a criminal complaint against Binance for operating without the necessary license. Following these actions, Binance collaborated with Gulf Energy Development to establish a regulated exchange in Thailand through a joint venture. In December 2023, the SEC also filed a complaint against Bybit for operating a digital asset trading platform without proper authorization.
Following a meeting of the Technology Crime Prevention and Suppression Committee in April 2024, the Thai SEC announced plans to block access to unauthorized platforms across the country, granting users a grace period to withdraw their funds before restrictions take effect.
As the SEC has only filed a complaint against OKX and has not yet determined any wrongdoing, if OKX is ultimately found in violation, it will face legal penalties, and Thai users will not be able to access the platform.