Bitcoin Price Prediction: BTC Faces Tight Range as Spot Flows Turn Slightly Positive
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Bitcoin consolidates between $87,630 and $89,600 as traders assess market direction after a drop from $97,971. Technical indicators show fragile momentum with spot inflows indicating a slowing of selling pressure. The market remains cautious, awaiting signs of renewed demand or further selling.
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- Bitcoin consolidates between $87,630–$89,600 as bulls and bears assess the next move.
- RSI and MACD show fragile momentum, signaling a cautious recovery attempt for BTC.
- Leverage eases to $59.64B, while spot inflows hint at slowing selling pressure.
Bitcoin traded near $89,133 on the four-hour chart as it steadied after a steep drop from the recent $97,971 peak. The sell-off broke the earlier run of higher highs and forced price into a tighter, more defensive structure.
Traders now watch this consolidation range for signs of either renewed demand or another wave of selling. Besides the price action, derivatives positioning and spot flow behavior suggest the market has not regained full confidence yet.
BTC Holds a Tight Range After the Breakdown
Bitcoin continues to build a base between key levels that traders often use to define the next swing. The market n…
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In This News
Coins
$ 73.52K
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