Price Prediction
Analysts Say Bitcoin May Test $87,000 or Slip Below $80,428
Bitcoin is trading at $81,606, up 0.11%, and remains above the 50‑day EMA of $80,428 but below the 20‑day EMA of $82,648. Analyst Benjamin Cowen said the cryptocurrency is near a decision point and could either break above $87,000 or fall if the support fails. Trader Ash Crypto suggested a short‑squeeze rally may start near month‑end after weaker holders sell. US spot Bitcoin ETFs recorded a second consecutive weekly outflow of $228.58 million, following a $681.10 million outflow the previous week. The key support level is the 50‑day EMA at $80,428, with resistance at $82,648.