Bitcoin is currently experiencing low trading activity and weak momentum, resulting in the price hovering near the 100-day moving average. The market is in a state of indecision, with buyers and sellers in balance. Key support and resistance levels are at $98K and $108K, respectively. A decisive move is unlikely until liquidity returns. However, a bullish breakout is more probable due to multiple support zones and strong buyer interest. Bitcoin attempted a bullish push but was rejected, retracing to a significant demand zone. The asset is currently confined between $90K support and the upper trendline of a bullish flag pattern. A breakout above this pattern could lead to a rally towards a new all-time high. The decline in BTC exchange reserves suggests a possible accumulation phase and reduction in available supply, which could indicate an impending bullish breakout.



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