Bitcoin Price Prediction as Wall Street Buying Frenzy Continues

Key Insights

• Bitcoin price has remained in a tight range in the past few days.
• Spot Bitcoin ETF inflows have continued to accelerate.
• The coin has formed a bullish flag pattern on the daily chart.

Bitcoin price held near $79,800 after strong U.S. jobs data revived rate-hike expectations. The cryptocurrency remained below resistance after reaching roughly $82,160 earlier this month.

CoinMarketCap showed BTC trading around $79,800 at publication. The price remained well above its July low near $57,900.

Bitcoin Price Holds Bull Flag Below $82,800 Resistance

Bitcoin price continued consolidating after its sharp recovery from July lows. The supplied TradingView chart showed price moving inside a tight range below recent highs.

The structure resembled a bullish flag after the earlier advance. However, the pattern still requires an upside breakout for confirmation.

Reuters technical analysis identified resistance near $82,793. That area also aligned with Bitcoin’s recent May high and a Fibonacci retracement level.

A daily close above that resistance could bring $90,000 into focus. Continued strength above $90,000 would place the $100,000 psychological level back on traders’ radar.

The bullish setup would weaken if Bitcoin lost support near $75,700. A deeper decline below roughly $71,800 would further damage the recovery structure.