Traders anticipate a Bitcoin price pullback to $90,000, although a bull flag formation could lead to new price highs if profit-taking around resistance levels diminishes. Bitcoin has been trading between $104,000 and $105,000, a zone identified as resistance by many analysts, though some view this as consolidation within a bull flag. This pattern follows an uptrend, suggesting that if it breaks the trendline resistance, the uptrend may resume. Current on-chain data indicates insufficient profit-taking to disrupt Bitcoin's momentum, and while recent selling near the range highs is noted, the demand for new long positions remains subdued. Following a significant price increase from $74,400 to $105,900, a normal cooldown phase was expected. Analysts have warned of a potential dip to test support at $100,000 to $90,000. Overall, there is cautious optimism about future price movements, influenced by U.S. equity market trends.

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