Bitcoin weekly chart

#Bitcoin weekly chart.

Indeed in a phase of consolidation and indecision, which aligns with the Doji candlestick pattern and rejection from resistance you've noted.

Bitcoin is currently trading around **$89,615**, confirming the consolidation, The price has seen a modest decline of **-0.60% over the past 24 hours** and is down **-6.26% over the last month**, reflecting the recent pressure and lack of strong upward momentum.

### The Tug-of-War: Conflicting Market Forces

**Supportive Factors (The Bulls):**

* **Continued ETF Inflows:** From the latest news and insights, spot Bitcoin ETFs recorded a **net inflow of $287 million** last week (Dec 8-12). BlackRock's IBIT was a standout, contributing $214 million of that total, signaling that institutional demand remains a foundational support for the price.

***Institutional Endorsement:** Further bolstering this, Brazil's largest private bank, Itaú Unibanco, has recommended a 1-3% Bitcoin allocation for investors.