Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs

Bitcoin price consolidation after a powerful double-digit rally is normal. Will the current bull flag confirm and send BTC to new highs?

Key takeaways:

Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces.

On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum.

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