$BTC

Bitcoin's current price is $84,282.01, with a 0.57% increase. Despite this rise, bearish momentum is evident. A bearish pennant formation suggests a potential price drop to $51,400, aligning with the 200-week moving average. Additionally, 56.18% of Binance traders have opened short positions, indicating a majority expect a price decline. The Average Directional Index (ADX) signals a weakening trend at 29.2, with bearish dominance in the short term. However, some analysts predict a surge to $94,100 or even $160,000 by 2026, citing bullish indicators like the Golden Cross .