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BITCOIN (BTCUSD): Potential Scenarios Ahead of Powell Speech

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Bitcoin is consolidating for 5 days within a narrow range on a daily.
Today's Powell speech can be a trigger for a strong bullish/bearish movement.

Depending on the today's rhetorics, here are potential scenarios.

Bullish
If the price breaks and closes above the resistance of the range (86500),
we can expect upward movement to 87500 resistance.

Bearish
If the price breaks and closes below the support of the range (82500),
Bitcoin may drop way lower and reach 79600 level.

Wait for a breakout and then follow the market.

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