$BTC

Bitcoin's price is consolidating after a strong rally, which is normal. A bull flag pattern could confirm and send BTC to new highs. Traders expect a pullback to $90,000, but a bull flag breakout could lead to new highs if profit-taking near range highs reduces. On-chain data suggests the current profit-taking is too weak to extinguish Bitcoin's momentum. BTC's price is pinned below $104,000-$105,000, a resistance zone. The bull flag pattern shows sideways price action after a sharp uptrend. Analysis suggests limited buy volume is the main issue. Data shows traders selling near range highs and limited new long positions being opened. Drops to range lows see bids filled, but there's still limited use of margin for fresh longs. A breakout from the bull flag could signal new highs for Bitcoin.