Bitcoin has been trading between $85,000 and $90,000 due to derivatives market mechanics, specifically dealer gamma hedging. Approximately $23.8 billion in Bitcoin options are set to expire on December 26, potentially ending the current price suppression. Post-expiry, Bitcoin's price could experience elevated volatility and a breakout from this range, with $85,000 as critical support and $90,000 as resistance.

#BTC