Bollcoin, October 25 — Analyst Axel Adler Jr. said in a post that Bitcoin's trading range continues to narrow. Over the past 30 days, the spread between the high and low has shrunk from 13% to 6%. The price has stayed within this narrowed range—between $80,000 and $86,000—for nine consecutive days. Yesterday, the price rebounded after touching the 365-day simple moving average (SMA 365) and finally closed at $80,500. That marked a new low for the past 30 days. A narrowing range typically ends with an explosive move. At present, the key level above is $86,000, while below, attention should be paid to the 365-day moving average.