$BTC Weekly forecasts: Bitcoin consolidates near 90,000 dollars
Bitcoin is trading around $90,347, showing a modest weekly gain while struggling to create clear momentum. The chart shows several intraday peaks above $92,000-$94,000, followed by quick pullbacks, suggesting aggressive selling in the rallies.
At the same time, buyers continue to defend the 89,000-90,000 dollar zone, which has served as a short-term balance. Volume remains high compared to the end of November, indicating active participation from both sides of the market. Overall, BTC appears to be stuck in consolidation rather than preparing for a decisive breakout.
Forecasts for next week: likely sideways trading, breakout depends on a catalyst
Over the next week, Bitcoin is expected to remain within a range between $88,000 and $93,000 unless a strong catalyst comes along to change sentiment. A clear breakout above $93,500 could pave the way for a move towards $96,000, but repeated failures near this level suggest that resistance is still strong.
On the downside, a loss of support at $88,000 could trigger a larger pullback towards $85,000-$86,000, especially if the overall risk sentiment deteriorates. Volatility is expected to remain high, with short-term moves driven more by positioning than by long-term conviction. For now, the risk balance appears neutral, with neither bulls nor bears having full control.
