Bitcoin Price Forecast: $88K Remains Steady as Prenetics Suspends BTC Purchases and Triangle Narrows

Bitcoin is presently trading around $88,300, maintaining stability after several weeks of minimal fluctuations, which has kept price movements within a clearly defined trading range. Market sentiment remains cautious, despite some slight increases among the major cryptocurrencies.

The Fear and Greed Index continues to linger at 32, firmly within the “fear” zone. Concurrently, the Altcoin Season Index at 20 indicates that Bitcoin dominance prevails, with limited appetite for risk among investors.

The overall cryptocurrency market capitalization remains stable at approximately $2.98 trillion, while the 30-day trading volume is stagnant at $88.9 billion. This scenario suggests that the market is not in a state of panic, but it also lacks sufficient confidence to pursue higher price levels.

Prenetics Halts Bitcoin Purchases, Retains 510 BTC Treasury

Prenetics Global Limited has declared that it will cease its daily Bitcoin acquisitions and will not invest further in BTC in the near future. The firm intends to keep its 510 BTC as a treasury reserve while reallocating its funds to expand its rapidly growing consumer health brand, IM8.

Management indicated that this change is a result of IM8’s swift expansion, with an annual recurring revenue (ARR) exceeding $100 million in just 11 months. The company anticipates revenue between $180 million and $200 million for 2026, possesses over $70 million in cash reserves, and has no debt, which reflects a strong financial position overall.

This decision reduces one of the avenues through which corporations have been investing in Bitcoin. Nonetheless, it also underscores a trend where an increasing number of public companies are viewing Bitcoin as a strategic reserve rather than actively trading it.

Bitcoin Technical Structure Indicates Compression, Not Weakness

On the 4-hour chart, Bitcoin price forecasts remain neutral as BTC continues to consolidate within a symmetrical triangle that has developed since the rejection from the $94,000–$95,000 range. A descending trendline limits lower highs, while higher lows are emerging from a mid-December base near $83,500, placing the price in a distinct decision zone.

Candlestick patterns suggest consolidation rather than pressure. Frequent spinning tops and Doji candles indicate equilibrium, and there has been no continuation following bearish sessions.

Bitcoin Price Chart – Source: Tradingview

The 50-EMA and 100-EMA have leveled out and converged around $88,200–$88,400, reinforcing the compression narrative. The RSI is fluctuating between 50 and 53, showing a slight bullish divergence compared to the December low.

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

As long as Bitcoin remains above $85,100, the triangle formation stays intact. Utilizing a measured move projection, a confirmed breakout above $90,000 would pave the way toward $92,200, followed by a retest of $94,600. A clear resolution above that range would shift attention toward $98,000–$100,000 as early as 2026.

PEPENODE: A Mine-to-Earn Meme Coin Approaching Presale Conclusion

PEPENODE is gaining traction as a next-generation meme coin that merges viral culture with interactive gameplay. With over $2.47 million raised and the presale nearing its limit, interest is rapidly increasing as the countdown enters its final phase.

What distinguishes PEPENODE is its mine-to-earn virtual ecosystem. Rather than passive holding, users can create digital server rooms utilizing Miner Nodes and facilities, earning simulated rewards through a visual dashboard. This concept introduces gamification and competition into the meme coin sector, providing holders with engagement opportunities prior to launch.

The project also features presale staking, enabling early participants to earn enhanced rewards ahead of the token generation event. Leaderboards and bonus incentives are planned for post-launch to maintain high levels of engagement.

With 1 $PEPENODE priced at $0.0012161 and limited allocation still available, the presale is entering its final opportunity window for early investors.

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