#比特币行情分析 $BTC

As of December 14, 2025, around 12:00 PM, Bitcoin is experiencing a short-term pullback, with mixed technical buy and sell signals, and overall still in a volatile range. Detailed analysis is as follows:
1. Current Price and Short-term Fluctuations: The real-time price is approximately $90,347, down 1.95% in the last 24 hours, with a trading volume of $81.499 billion in that period. The highest price reached was $92,618.55, and the lowest was $89,532.60. Previously, it had been consolidating around $92,000, peaking at $92,399 on December 13, but the price has since retreated, continuing the recent pattern of fluctuations in the $88,000 - $94,000 range.
2. Key Technical Signals: On the daily chart, the 20-day moving average has crossed above the 50-day moving average, forming a golden cross, and this moving average provides dynamic support; the RSI indicator is around 58, in a healthy bullish zone, not yet in overbought territory, suggesting there may be room for continued upward movement. The current direct resistance is near $94,000, coinciding with the upper Bollinger Band, while the initial support to watch is the psychological level of $90,000, with stronger support in the area where the moving averages converge around $87,500.
3. Market and Capital Movements: The derivatives market is highly volatile, with a total liquidation amount of $416 million across the entire market in the past 24 hours. Additionally, whales resumed their Bitcoin accumulation mode at the end of November, with the proportion of long-term holders rising to 78.6%, a new high for the year. However, while the futures funding rate is positive, it is not overheated, with institutional funds accounting for about 95% of market inflows, and the proportion of retail investors has significantly shrunk, leading to an overall cautious optimism in market sentiment.
4. Future Trend Prediction: If it can successfully break through the resistance level of $94,000, the next target may be $97,500, and there may even be a possibility of challenging the psychological level of $100,000; but if it falls below the support at $90,500, it could trigger a chain liquidation, leading to a downturn to the support areas of $88,950 or even $87,200. Additionally, external factors such as Federal Reserve policies and regulatory dynamics may still impact its price movement, and subsequent fluctuations may remain at a high level.
