Bitcoin Analysts Predict Pullback Before Next Rally Amid Strong Institutional Demand

Bitcoin's price nears $83,000 after a 2.2% decline as analysts disagree on whether a deeper correction is imminent.

Doctor Profit expects a pullback to around $79,000, citing bearish divergences in technical indicators and weakening trend strength.

Ali Martinez, however, sees the current retest of $82,000 as potential support that could lead to a rally toward $100,000.

Institutional demand remains strong, with US-listed spot Bitcoin ETFs recording $2.39 billion in net inflows last week.