Bitcoin Technical Outlook
Bitcoin remains in a phase of bullish consolidation within the daily TBO Cloud. On-Balance Volume has crossed above its white moving average, suggesting renewed accumulation, but additional volume is required to sustain upward momentum. Having traded above its first resistance fan line for three consecutive days, Bitcoin appears to have “conquered” that barrier, yet it remains confined within a bear flag pattern.
Bullish participants will focus on the potential break above near-term resistance around $98,400. Should Bitcoin fail to hold this level, the bear flag structure typically resolves with a break of support, a retest of that support as…
