#BTCVSGOLD BITCOIN CORRECTS 36%, SIGNALING POTENTIAL RALLY
Pr
ice Correction: Bitcoin is consolidating around $91,255 after a significant correction, down 2.26% in the last 24 hours.
Technicals: The RSI is near oversold territory at 33.15, but the daily MACD remains in a sell signal. Key support is at $90,500, with major resistance at the $93,000-$95,000 zone.
Catalysts: The correction was driven by ETF outflows and profit-taking, but decreasingly me exchange supply and long-term institutional accumulation provide underlying support
Market Overview
Bitcoin is trading at ~$91,254, down 2.26% in 24 hours, with a market cap of $1.82 trillion.
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The 24-hour trading volume is $58.41 billion as the price pulls back from its all-time high of $126,198
Selling pressure is heightened by significant Bitcoin ETF outflows, which saw a net outflow of $194.6 million on December 4th.
