Bitcoin Price Analysis: Rally to $100K or Drop Below $90K Is Next for BTC?

Bitcoin continues to consolidate just below a major resistance cluster after a strong recovery from the December lows. The price chart shows a clear sequence of higher lows, while on-chain data indicates that the percentage of supply in profit has undergone a deep reset and is now recovering.

Technically, the market is approaching an important decision zone: either a sustained breakout above the current ceiling opens the door to a new leg higher, or a rejection here triggers a corrective phase back toward recently established support levels.