Bitcoin Price Prediction: $191M Accumulation Wave Tests Bollinger Band Support
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Bitcoin rebounds 1.32% to $87,706 after reaching key support at $85,721, with $191.42 million in spot exchange inflows indicating strong buying interest; however, Bitcoin's performance lags compared to silver, which has rallied 270% over the past year, reflecting a shift from risk assets to safer alternatives.
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- Bitcoin rebounds 1.32% to $87,706 after touching the lower Bollinger Band at $85,721, a level that has historically attracted buyers.
- Spot exchange inflows surge to $191.42 million, one of the largest single-day accumulation events in months, signaling strong conviction buying.
- Silver’s 270% rally over 13 months versus Bitcoin’s 11% decline highlights the rotation from risk assets to hard money alternatives.
Bitcoin price today trades near $87,706 after bouncing from the lower Bollinger Band and ascending trendline support. The recovery comes with massive spot accumulation, but the broader macro picture shows precious metals dramatically outperforming crypto as capital seeks safety.
Macro Pressure Persists As Buyers Step In At Key Support
Read The Full Article Bitcoin Price Prediction: $191M Accumulation Wave Tests Bollinger Band Support On Coin Edition.
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