Bitcoin Price Prediction: $191M Accumulation Wave Tests Bollinger Band Support

TL;DR:

Bitcoin price today trades near $87,706 after bouncing from the lower Bollinger Band and ascending trendline support. The recovery comes with massive spot accumulation, but the broader macro picture shows precious metals dramatically outperforming crypto as capital seeks safety.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.