Axel Adler Jr.: Bitcoin volatility is contracting; watch for resistance at $86,000.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin volatility continued to contract, with the 30-day spread decreasing from 13% to 6%, and the price fluctuating between $80,000 and $86,000 for nine consecutive days. Bitcoin found support at the SMA 365 and rebounded, closing at $80,500, with the key resistance level above at $86,000.