Bitcoin Price Prediction: Descending Trendline Holds as Netflows Fail to Confirm Recovery

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Bitcoin price prediction sees the asset stuck below a key descending trendline, with lower highs forming a clear corrective pattern. Bitcoin price today sits near $87,000, stabilizing after a sharp drop to levels not seen since early November. Spot netflows show only brief inflows, with most capital returning to exchanges instead of cold storage. The EMA cluster between $86,600 and $89,300 remains a stubborn barrier, preventing sustained upward movement. On the 2-hour chart, Chaikin Money Flow stays slightly negative, and Parabolic SAR dots remain above price, signaling no shift in trend. Recent central bank moves failed to spark strong reactions, with the yen weaken and Bitcoin briefly rising before reversing.
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