📉 Bitcoin Slips to $89,070 (-1.12%) — Uncertainty Builds
Bitcoin has dropped to $89,070, down 1.12%, under pressure from macro uncertainty, technical weakness, and thin liquidity.
🔻 Key Drivers 🇯🇵 BOJ Rate-Hike Fears
Markets are pricing in a potential Bank of Japan rate hike to 0.75% on Dec 18, weighing on risk assets like crypto.
📊 Technical Warning Signs
#$BTC is currently testing the $88K support level.
A developing bear-flag structure signals the risk of a possible -20% downside move.
😴 Low-Volatility Squeeze
Price action remains compressed in the $89K–$90K range, as traders wait for a clear catalyst.
🔍 What Matters Now — A stronger JPY could drain global liquidity that crypto markets rely on.
— A break below $88K may open the path toward $84.7K and lower.
— Markets are watching U.S. CPI on Dec 15 and the BOJ decision on Dec 18 for the next major move.
⚠️ Bottom Line
The market is in a phase of hesitation.
Price is quiet — but downside risks are quietly building.
#Bitcoin #BTC #CryptoMarket #MacroEconomics #BinanceSquare #Trading #MarketUpdate
