Bitcoin Price Prediction: Breakout Potential in the Pipeline

Bitcoin price continues to exhibit subtle bullish signals despite a minor 0.97% decline today, settling at $84,694.73. The daily chart showcases an intriguing setup with prices nudging above the middle line of Bollinger Bands – a classic indicator of growing upward momentum. This recent movement suggests a shift in sentiment as bulls seek to regain control. The narrowing Bollinger Bands and their gradual expansion suggest that a decisive breakout is imminent.