Latest Bitcoin $BTC Snapshot & Market Tone
Over the past several weeks, Bitcoin has slid from its early-October highs around $126,000 to current levels around $93,800, a drop of roughly 25–30%.
The beginning of December saw some volatility: BTC recently dipped below $86,000, but bounced back to the low-to-mid $90,000s.
According to recent analysis, weak ETF inflows and ongoing selling by large holders (“whales”) have kept downward pressure on BTC — suggesting the risk of further retests, potentially toward $80,400.
🔍 What to Watch: Support / Resistance & Market Drivers
Support zone: ~$80,400 — if Bitcoin breaks below this level, the downtrend may deepen.
Resistance zone: ~$97,100 to ~$100,000 — a rebound above this could trigger renewed bullish interest.
Key drivers: macro sentiment (interest rates, global risk-off), ETF flows, and behavior of long-term holders (accumulation vs. selling).
📈 Possible Scenarios for Near-Term (Next Few Weeks)
Bearish base case: Price struggles to hold above support — a break below $80,400 could drag BTC toward $75,000 or even lower.
Neutral / consolidation: BTC trades sideways between ~$85,000–$97,000 as the market digests macro signals and waits for catalysts (like ETF demand or macro shifts).
Bullish bounce (if triggered): If BTC clears ~$97,000 convincingly — perhaps aided by renewed institutional buying or macro-easing — a push toward $105,000–$110,000 could be on the table, though volatility will remain high. #bitcoin #BinanceAlphaAlert #BinanceBlockchainWeek #TrendingTopic #TRB/USDT(spot)
