Bitcoin Bulls Eye $100K as Price Consolidates Near $80K

Bitcoin's price has been consolidating near $80,000 after a strong rally to $81,500 last week. A potential bull pattern is pointing toward $100,000 if buyers can force a confirmed breakout.

The daily chart structure resembles a potential bull flag, with the previous surge forming the flagpole and the current controlled pullback creating the flag. However, the bullish pattern has not yet been confirmed.

A decisive one-hour close above the upper regression-channel boundary, ideally supported by stronger trading volume, is required to confirm the breakout. If this happens, it could activate a theoretical upside target in the $89,000 region.