Traders are anticipating a pullback in Bitcoin's price to around $90,000, but a bull flag pattern indicates the possibility of breaking out to new highs. Bitcoin has remained in a resistance zone between $104,000 and $105,000, yet some analysts view this as consolidation. The current market is marked by weak profit-taking, allowing for continued price momentum. Over a three-week recovery period, significant spot Bitcoin ETF inflows occurred alongside a strong move from $74,400 to $105,900. Despite this momentum, traders are selling near range highs, leading to limited leverage for new long positions. Short-term holder profit data shows that while profit-taking is occurring, it doesn't surpass historical averages, suggesting room for further price gains. Analysts warn of a potential drop to $90,000 for testing support, correlating to performance in US equity markets, which can influence Bitcoin price dynamics. Recently cleared bullish and bearish narratives raise cautious optimism for Bitcoin's future performance, contingent upon market trends.

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