Bitcoin is currently positioned for a potential surge toward $96,000, according to technical analysis of key market indicators. The formation of a bull flag pattern on price charts suggests a significant upward movement, while the Puell Multiple—a fundamental metric tracking miner revenue—indicates BTC is trading in an undervalued range. Historically, such conditions have preceded substantial price recoveries, presenting what analysts describe as a strategic entry point for investors. Market observers note that the current price zone represents a rare discount opportunity relative to Bitcoin’s projected trajectory. The convergence of these bullish technical and on-chain signals reinforces the possibility of renewed momentum in the coming weeks, provided broader market sentiment remains supportive. While volatility persists, the alignment of these factors offers a compelling case for Bitcoin’s medium-term appreciation potential.
