Bitcoin’s holiday price action has been anything but magical. BTC flirted with the $90,000 psychological level over Christmas, briefly topping $90,225 before pulling back below the mark, reflecting thin liquidity and market uncertainty.
Trading ranges tightened around $88,000–$90,000 as year-end volumes evaporated, leaving bulls frustrated and bears cautious. Short-term resistance sits near $94,250–$95,000, with a breakout above that zone required to reignite upside momentum toward $100,000+. Holiday traders reported multiple sideways rejections at $90K, underscoring how fleeting that level can feel.
Macro headwinds including a cautious Federal Reserve tone and subdued risk appetite pressured Bitcoin alongside broader markets. That said, BTC did not collapse outright, and significant spot demand (evidenced by exchange outflows) suggests accumulation under the hood, even if pain grips short-term traders.
Emotion of the moment: buyers hoped for a Santa rally around $90K, but the market instead delivered range frustration. If BTC can close above $90,500 on strong volume, breakout traders will rotate back in otherwise, range play dominates into January.
