Bitcoin Price Prediction: Sellers Defend $90K While Spot Outflows Keep BTC Trapped
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Bitcoin is currently priced at $87,000, struggling below $90K due to a descending trendline and weak market momentum. Spot outflows total $21.6 million, contributing to bearish consolidation and limiting recovery efforts as the market approaches a critical decision point.
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- BTC remains capped below $90K as a descending trendline and EMA cluster block recoveries.
- Spot outflows continue, with $21.6 million leaving exchanges on December 24.
- Weak momentum and fading liquidity keep Bitcoin trapped in bearish consolidation.
Bitcoin price today trades near $87,000, hovering just above a fragile short-term support zone as sellers continue to dictate structure. The market remains pinned beneath a steep descending trendline from the October peak, while persistent spot outflows limit recovery attempts. With volatility compressing and momentum fading, Bitcoin is approaching another decision point heading into December 25.
Trendline Breakdown Keeps Structure Heavy
On the daily chart, Bitcoin remains in a corrective phase after losing the rising trendline that supported the rally into October highs above…
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$ 72.00K
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$ 0.00324
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In This News
Coins
$ 72.00K
-2.43%$ 0.00324
-5.33%Predictions Markets
See what traders are focused on
Share:
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