Bitcoin’s price remains unpredictable, with potential for both growth and decline. While recent capital inflows have reached a significant level, the cryptocurrency hasn’t witnessed any corresponding increase in its asset prices. This suggests that investors are likely holding back their funds, anticipating a better entry point at a later stage. 8.03% decrease in price over the past month further complicates Bitcoin’s journey. 516,770 BTC buying orders were placed at the $82,244.77 support level, highlighting a critical point for the cryptocurrency’s price movement. On the other hand, two resistance levels stand at $84,314.07 and $94,320.97. Despite this capital inflow, asset prices have remained largely stable, with minor gains and declines. Market activity suggests an inherent downward pressure. Increased Bitcoin on exchanges might indicate preparations for a potential sell-off. If this plays out, Bitcoin may face a price decline. This can be further evidenced by the exchange netflow turning positive, indicating that Bitcoin is being transferred to exchanges for sales. However, capital inflows at the $82,000 support level could propel Bitcoin’s price higher, potentially breaking through resistance levels at $84,000 and $94,000. In the derivatives market, selling pressure continues to grow. Taker Buy/Sell Ratio currently stands at 0.977 and is trending downward, suggesting a growing presence of bearish sentiment.