Bitcoin has held above the key support at 91,000. After a period of consolidation, bullish momentum is gradually emerging. The structure has recovered after bottoming out at 87,688 without breaking down, and in the short term, the price is oscillating within the 90,000–92,000 range.
Core Support: The 87,500–88,000 strong support zone has solid buying interest; rate cut expectations (87% probability) and institutional funds are providing a floor, with macro and capital factors resonating; price has moved above the EMA15, signaling clear technical recovery.
Trend Forecast: The afternoon will most likely see continued range-bound movement, with a focus on testing the 91,500–92,000 resistance. If this is broken, it will open up further upside. Those holding positions should rely on the 90,500 support to hold, while those not yet in should consider buying on dips and avoid chasing the price higher.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12.8 Afternoon BTC Market Analysis
Bitcoin has held above the key support at 91,000. After a period of consolidation, bullish momentum is gradually emerging. The structure has recovered after bottoming out at 87,688 without breaking down, and in the short term, the price is oscillating within the 90,000–92,000 range.
Core Support: The 87,500–88,000 strong support zone has solid buying interest; rate cut expectations (87% probability) and institutional funds are providing a floor, with macro and capital factors resonating; price has moved above the EMA15, signaling clear technical recovery.
Trend Forecast: The afternoon will most likely see continued range-bound movement, with a focus on testing the 91,500–92,000 resistance. If this is broken, it will open up further upside. Those holding positions should rely on the 90,500 support to hold, while those not yet in should consider buying on dips and avoid chasing the price higher.
Personal Suggestion
BTC: Go north from 90,800–91,000, target 91,500 and 92,000, and look for 92,800 if a breakout occurs
#美联储降息预测 #比特币活跃度走高 #十二月行情展望 #加密市场回暖 #比特币行情观察