Bitcoin Price Prediction: $88K Holds as Prenetics Halts BTC Buys and Triangle Tightens

Bitcoin ( $BTC ) trades near $88K as a tightening triangle meets weak sentiment. Prenetics halts BTC purchases, shifting focus to IM8 growth. Breakout next.

Bitcoin is currently trading around $88,300, holding steady after a long series of weeks when not much has changed, which has kept price action within a pretty well-defined trading range. Sentiment remains cautious, even with some modest gains across the major tokens.

The Fear and Greed Index is still hovering at 32, firmly in “fear” territory. At the same time, the Altcoin Season Index at 20 suggests it’s still all about Bitcoin dominance rather than anyone having much appetite for risk.

The total crypto market capitalisation is steady at around $2.98 trillion, while the 30-day trading volume is stuck at $88.9 billion. This situation is saying that the market is not panicking – but it’s not exactly confident enough to go chasing after higher prices either.

Prenetics Ends Bitcoin Buying, Keeps 510 BTC Treasury

Prenetics Global Limited has announced it’s stopping its daily Bitcoin buying and won’t put any more money into BTC anytime soon. The company says it will retain that 510 BTC as a treasury reserve but redirect its cash to scale its fast-growing consumer health brand, IM8.

Management said the shift is due to IM8’s rapid growth, with ARR now over $100 million in just 11 months. It projects revenue of $180-200 million for 2026, has a cash hoard of over $70 million, and zero debt, which is a pretty impressive financial situation all things considered.

It’s worth noting that this reduces one of the sources of extra money that corporations have been putting into Bitcoin. Still, it also highlights that more and more public companies are treating Bitcoin as a strategic reserve rather than trading it in the market.

Bitcoin Technical Structure Signals Compression, Not Weakness

On the 4-hour chart, Bitcoin price prediction stays neutral as BTC continues to coil inside a symmetrical triangle that has been forming since the rejection from the $94,000–$95,000 zone. A descending trendline caps lower highs, while higher lows are rising from a mid-December base near $83,500, placing the price in a clear decision zone.

Candlestick behavior supports consolidation rather than stress. Repeated spinning tops and Doji candles point to equilibrium, and there has been no follow-through after bearish sessions.

The 50-EMA and 100-EMA have flattened and converged near $88,200–$88,400, reinforcing the compression narrative. RSI is oscillating around 50–53, with a subtle bullish divergence versus the December low.

Bitcoin Price Outlook: Break Above $90K Could Reset Momentum

As long as Bitcoin holds above $85,100, the triangle structure remains intact. Using a measured move projection, a confirmed breakout above $90,000 opens the path toward $92,200, followed by a retest of $94,600. A clean resolution above that zone would shift focus toward $98,000–$100,000 into early 2026.

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