Bitcoin Price Prediction: BTC Faces Tight Range as Spot Flows Turn Slightly Positive

Bitcoin traded near $89,133 on the four-hour chart as it steadied after a steep drop from the recent $97,971 peak. The sell-off broke the earlier run of higher highs and forced price into a tighter, more defensive structure.

Traders now watch this consolidation range for signs of either renewed demand or another wave of selling. Besides the price action, derivatives positioning and spot flow behavior suggest the market has not regained full confidence yet.

Bitcoin continues to build a base between key levels that traders often use to define the next swing. The market now sits between $87,630 as a near-term floor and $89,600 as the first recovery hurdle.

Hence, this zone has become the decision point for short-term direction. A push above $89,600 could encourage follow-through buying if bulls defend the level. Consequently, the next upside checkpoints sit at $91,204 and $92,801, where sellers previously showed strength.

If Bitcoin clears the $91,200–$92,800 region, traders may treat it as a shift back toward a healthier rebound structure. Additionally, the $95,000–$96,000 zone stands out as a key supply pocket before the prior top. A return to $97,971 would place Bitcoin back into trend continuation territory.

Bitcoin still faces downside pressure if the base weakens. The first major support sits at $87,630, and traders often view it as the line that protects the current bounce attempt.

However, a break below $86,800–$86,900 could increase selling momentum. The next critical level sits near $84,436, which marks a deeper support zone that may attract dip buyers.

Momentum signals also remain fragile. RSI near 38.6 shows weak strength, even as it attempts a small recovery. Moreover, MACD has started to curl higher, which suggests selling pressure may be fading.

Open interest trends show leverage remains high but has started to ease after peaking above $70 billion. The latest reading near $59.64 billion points to reduced risk-taking following recent volatility. Significantly, a new open interest rebuild could signal another major move.

Spot flow data also shows selling dominated for extended periods. Yet inflows have started to reappear in brief spikes. The latest net inflow near $15.95 million suggests distribution may be slowing, as buyers return cautiously.

Key levels remain well-defined heading into the next trading sessions, as Bitcoin consolidates after the recent sell-off from the $97,971 swing high.

Bitcoin’s short-term direction depends on whether buyers can hold $87,630 long enough to reclaim $89,600–$92,801. If momentum improves and flows remain stable, BTC could build a rebound toward $95,000.

However, failure to defend support keeps BTC vulnerable to another drop toward $84,436. For now, Bitcoin remains at a pivotal zone, and technical confirmation will define the next leg.