Rising Bitcoin ETF inflows and increasingly favorable technicals suggest that BTC price might rise above $90,000 in the coming weeks.
Bitcoin (BTC) price looks ready to rally toward or above $90,000 in the coming weeks due to a mix of supportive technical, on-chain, and fundamental indicators.
BTC's price entered a phase of consolidation, moving sideways within a triangular formation resembling a bull pennant, after achieving a new all-time high of $69,210.
Notably, traditional analysts see bull pennants as bullish continuation patterns that could increase prices as much as the previous uptrend’s height. This breakout typically accompanies an increase in trading volume.
