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Bitcoin Technicals Signal $83K ‘Bear Trap’ Before $155K Breakout; BTC Inflows Hit $732 Billion


Bitcoin Technicals Signal $83K ‘Bear Trap’ Before $155K Breakout; BTC Inflows Hit $732 Billion

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AI Overview

Bitcoin is facing critical resistance around $91.2k, with potential for a drop to $83.6k before a bullish surge to $155k. Glassnode reports record $732 billion in new capital inflows this cycle, establishing a strong liquidity base. A breakout above $103k is necessary to confirm the start of a 'Wave 5' expansion phase.

Bullish

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  • The Setup: Technical analysis suggests a potential retest of $83k to complete a “Wave 4” correction before launching to $155k.
  • The Floor: Glassnode reports a record $732 billion in new capital inflows this cycle, creating a massive liquidity floor.
  • The Trigger: A breakout above $103k is required to confirm the “Wave 5” expansion is underway.

Bitcoin (BTC) is initiating a high-stakes technical standoff above the $93,000 level, with market structure suggesting one final liquidity flush could precede a parabolic run to $155,000. While short-term friction persists, forensic on-chain data confirms that this cycle has attracted more capital than all previous crypto bull markets combined.

Analyst TARA’s chart shows persistent friction near $91.2k, the 0.236 Fib resistance. Until price holds above this level strongly, she argues that a drop to $83.6k–$83.3k is likely. …

Read The Full Article Bitcoin Technicals Signal $83K ‘Bear Trap’ Before $155K Breakout; BTC Inflows Hit $732 Billion On Coin Edition.

Read the article at CoinEdition

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Coins

$ 69.91K

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+627.1%

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