Bitcoin Technicals Signal $83K 'Bear Trap' Before $155K Breakout; BTC Inflows Hit $732 Billion

Source: CoinEdition Original Title: Bitcoin Technicals Signal $83K ‘Bear Trap’ Before $155K Breakout; BTC Inflows Hit $732 Billion Original Link: https://coinedition.com/bitcoin-price-prediction-155k-breakout-83k-retest-glassnode-record-btc-inflows/ Bitcoin (BTC) is initiating a high-stakes technical standoff above the $93,000 level, with market structure suggesting one final liquidity flush could precede a parabolic run to $155,000. While short-term friction persists, forensic on-chain data confirms that this cycle has attracted more capital than all previous crypto bull markets combined.

The Setup and Key Resistance Levels

Analyst TARA’s chart shows persistent friction near $91.2k, the 0.236 Fib resistance. Until price holds above this level strongly, she argues that a drop to $83.6k–$83.3k is likely. At the time of writing, BTC trades at $93k.

According to the analyst, the $91.2k price level is very important and represents the area BTC narrowly defended during its prior pullback.

Wave Count and December Breakout

TARA’s wave count indicates an initial price increase toward the .5 resistance and 1.618 extension near $103k. From there, she expects a shallow Wave 4 pullback, followed by Wave 5 extension toward $110k.

She estimates that this five-wave structure will play out through December and finally result in a completed macro Wave 1 that could ultimately carry Bitcoin toward $155.6k.

TARA’s chart shows multiple Fibonacci confluences cluster between $90k and $103k. RSI remains muted as investors wait for a bullish confirmation before going all-in.

Liquidity Trends Strengthen the Bullish Case

Swissblock noted that every major liquidity breakdown over the past two years preceded multi-week recoveries. With liquidity stabilizing, they view a bottom above $80.5k as increasingly secure. Their model states that if liquidity turns upward, a recovery window remains open through mid-December, similar to TARA’s predictions.

On the other hand, Glassnode reported that Bitcoin has drawn in more than $732 billion in new capital this cycle, surpassing all prior cycles combined. BTC’s 690% price surge has outperformed Ethereum and the broader altcoin market.

Spot volumes now range between $8 billion and $22 billion per day which confirms deeper liquidity. Glassnode also noted the expansion of real-world assets on-chain, rising from $7 billion to $24 billion in a year.

Key Takeaway

As per analysts, December could deliver the breakout investors are waiting for once BTC breaks out above $103k and aims for $110k, ultimately completing a larger five-wave expansion that targets $155k.