Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs
Bitcoin price consolidation after a powerful double-digit rally is normal. Will the current bull flag confirm and send BTC to new highs?
Key takeaways:
Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces.
On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum.
