Bitcoin price remains stable at $96,000 as bulls anticipate breaking above…
ajor price movements remain uncertain as traders closely monitor the $92,000 CME gap and key support levels at $88,000–$90,000. Analysts suggest that while short-term price action may be influenced by filling the CME gap, the overall market structure remains supportive of a potential rebound towards the $101,000–$103,000 zone.
Traders are divided in their sentiment, with some expecting a deeper correction towards $90,000 or even $88,000, while others see the current price pullback as a standard retracement within a larger upward trend. Monitoring weekly structures, analysts highlight the importance of the $88,000–$90,000 range as a crucial technical area that aligns with long-standing trendline support. A break below this level could weaken the bullish macro structure, but for now, the trendline remains intact.
Institutional data from Bitcoin ETF issuers, including BlackRock, Fidelity, and Grayscale, indicates consistent demand despite recent market volatility. Weekly inflows fluctuate, but regulated ETF channels continue to support long-term market participation.
On a daily basis, indicators suggest signs of bullish repricing, including sell-side liquidity sweeps, rejection wicks, and slowing bearish momentum. These indicators, coupled with high-timeframe support and liquidity patterns, hint at a potential shift from corrective behavior to re-accumulation.
On lower timeframes, Bitcoin shows structural support and accumulation patterns that could indicate a short-term reversal phase. Analysts tracking liquidity-based models suggest a potential continuation setup, with targets between $101,000 and $104,000 if bullish momentum persists.
Overall, Bitcoin’s market outlook remains uncertain with traders closely watching key levels and indicators for potential price movements. While short-term volatility may be influenced by the $92,000 CME gap, the broader market structure and institutional demand continue to support the long-term upward trend of Bitcoin.
