Bitcoin Price Outlook: Bitcoin Lacks a Clear Direction as Consolidation Continues
Bitcoin's price has been fluctuating between $85,500 and $90,000 for nearly three weeks, indicating a state of market instability. On Friday, Bitcoin's price reached approximately $89,000.
If Bitcoin surpasses $90,000 and closes above it daily, the rally could extend toward the next resistance level at $94,253, which aligns with the 61.8% Fibonacci retracement level drawn from the April low of $74,508 to the all-time high in October at $126,199.
The daily RSI( indicator stands at 51, above the neutral 50 level, i
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