Overview
- Bitcoin continues to consolidate below roughly $94,500 in a bear-flag pattern, keeping sellers in control near long-standing resistance.
- A decisive close above $94,555 is identified by analyst Ali as the bullish trigger, with measured targets near $103,000 to $105,000.
- Failure to reclaim the mid-$90,000s leaves a downside path toward the low-$80,000s, with an ascending trendline from about $84,408 seen as key support.
- Market participants emphasize volume as the arbiter of direction, with expanding sell volume favoring breakdown and volume-backed acceptance above resistance invalidating the bear flag.
- Technical voices outline both paths, with some watching a $93,000–$96,000 reclaim for momentum while others keep a bearish bias until price confirms a breakout.