Bitcoin is trading around $87,450, down about 1.2% over the past 24 hours, with daily turnover near $42.5 bn. Despite the pullback, BTC remains the largest crypto asset, carrying a market value of roughly $1.75 tn and a circulating supply just under 20 mn coins, close to its hard cap of 21 mn.
Broader market sentiment has softened. The Crypto Fear and Greed Index sits at 29, firmly in “fear” territory, while the Altcoin Season Index is at 17, signaling a clear Bitcoin-dominant phase. Total crypto market capitalization hovers near $2.96 tn, suggesting capital is consolidating rather than exiting the asset class altogether.
Bitcoin (BTC/USD) Technical Picture: Consolidation, Not Breakdown
On the 4-hour chart, Bitcoin price prediction seems bearish as BTC continues to trade inside a descending channel that formed after the rejection near $94,200 earlier this month. Importantly, downside follow-through has been limited. Each move toward the $84,500–$85,000 zone has attracted buyers, creating higher lows within the channel.
Price is currently squeezed between the 50-EMA near $88,200 and the 100-EMA around $88,850, a compression that often precedes a directional move.
Recent candlesticks show small bodies and spinning tops, reflecting balance rather than panic selling. Momentum indicators echo this pause, with RSI near 44 and showing early signs of bullish divergence.
Bitcoin Price Chart – Source: TradingviewBitcoin Outlook: What Could Come Next
From a pattern standpoint, the structure resembles a falling flag, a setup that often resolves higher if support holds. A brief dip toward $85,000 followed by a break above $90,500 would shift momentum back in favor of the bulls. Such a move could reopen the path toward $94,200, with $98,000 emerging as a stretch target if confidence rebuilds.
For now, Bitcoin is consolidating rather than distributing. As long as $84,500 remains intact, the market looks more like it’s preparing for its next move than bracing for a deeper collapse. In phases like this, patience often pays, especially as sentiment resets and longer-term opportunities begin to take shape.
PEPENODE: A Mine-to-Earn Meme Coin Nearing Presale Close
PEPENODE is gaining momentum as a next-generation meme coin that blends viral culture with interactive gameplay. With over $2.38 mn raised and the presale approaching its cap, interest is building fast as the countdown enters its final stretch.
What makes PEPENODE stand out is its mine-to-earn virtual ecosystem. Instead of passive holding, users can build digital server rooms using Miner Nodes and facilities, earning simulated rewards through a visual dashboard. The concept brings gamification and competition into the meme coin space, giving holders something to do before launch.
The project also offers presale staking, allowing early participants to earn boosted rewards ahead of the token generation event. Leaderboards and bonus incentives are planned post-launch to keep engagement high.
With 1 $PEPENODE priced at $0.0012064 and limited allocation remaining, the presale is entering its final opportunity window for early buyers.
Click Here to Participate in the PresaleThe post Bitcoin Price Prediction: BTC Trapped in Downward Channel as $90K Pivot Looms appeared first on Cryptonews.
