Bitcoin’s Next Move: Breakout or Pullback? 📊
Bitcoin has been consolidating around $85,000 after a strong recovery from its $78,000 low. Recent price action suggests that BTC is forming a bullish flag, which could signal an upward breakout. However, resistance near $88,000 remains a key hurdle.
On-chain data shows increased whale accumulation, and exchange reserves are dropping, hinting at long-term holding. Meanwhile, funding rates on futures markets are turning positive, suggesting traders are leaning bullish.
If BTC breaks above $88,000, we could see a rally toward $95,000. But failure to hold support at $83,000 might trigger another correction.
What’s your take—bullish or bearish? Let’s discuss!
