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Bitcoin is consolidating in a neutral-but-slightly-bearish structure on chart, while current news shows it stuck around the 90k area with sentiment swinging between anxiety and cautious optimism. This creates a “wait-and-see” environment for the broader crypto market, which is tracking Bitcoin closely.
The pattern drawn is a symmetrical/descending triangle: lower highs from the October top and higher lows from the recent bottom converging into an apex around the low‑90k zone.
Technically, this kind of pattern after a strong prior drop is often treated as a continuation pattern, meaning odds favor another leg down if price breaks and closes below the lower trendline with volume; a clean daily close above the upper line would invalidate that and open room back toward the 95–100k zone.
Key levels many analysts are watching right now are roughly 87–88k as support and 90–92k as short‑term resistance, so a breakout on either side of your triangle near those levels could trigger a larger move.
Latest Bitcoin news
Bitcoin has been oscillating around 90–92k, recovering from a deeper slide earlier in December but still well below the 2025 highs above 120k.
Reports highlight a rollercoaster year: sharp rallies to record highs followed by aggressive sell‑offs, with December marked by renewed volatility and big derivatives liquidations as leveraged long positions were wiped out.
Nothing here is financial advice; for trading decisions, combine this structure with your own risk management, time frame, and confirmation tools like volume, RSI, and funding data.
