Bitcoin (BTC/USD) Market Indicates Bearish Pressure Across Key Technical Levels
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Bitcoin Price Prediction – December 26
BTCUSD market indicates bearish pressure across key technical levels. The market seems to be heading downward in a bid to fill the liquidity void.
The 9-day Simple Moving Average (SMA) at $96,590 is currently acting as a resistance level, indicating that short-term momentum is aligned with the downward direction. Additionally, the Relative Strength Index (RSI) is at 42.69, which reflects a weakening buying pressure and supports the bearish sentiment as it approaches the oversold region. These technical indicators collectively suggest a continuation of bearish momentum in the short term.
BTC/USD Market Key Levels:
Resistance Levels: $100,000, $108,390, $115,000
Support Levels: $90,000, $85,010, $73,840
BTC/USD – Daily Chart
The BTCUSD daily chart shows that the market is now in a bearish trend.
BTCUSD has broken below the psychological $100,000 level and is now trading near $93,440. This move confirms the breach of the ascending support trendline, leaving a significant liquidity void below.
The price is approaching the next key support zone around $90,000, with further downside potential toward $85,010 if bearish momentum persists. The recent rejection from the $100,000 resistance underscores the selling pressure in the market.
What is the likely projection of BTCUSD?
Given the prevailing bearish indicators and broken support levels, BTCUSD is projected to test $90,000 in the coming sessions. A sustained breach below this level could accelerate the drop toward the $85,010 liquidity void, with $73,840 and $66,780 emerging as deeper targets. However, any short-term pullback would likely face strong resistance at $96,590, keeping the overall trend bearish unless a clear breakout occurs above $100,000.
BTC/USD – Four-Hour Chart
BTCUSD on the four-hour chart exhibits a bearish structure, with the price trading below the 9-period Simple Moving Average (SMA) at $95,470. The recent Change of Character (CHoCH) and Buy Side Liquidity grab indicate strong selling pressure. The Relative Strength Index (RSI) at 38.36 reflects weak momentum and suggests room for further downside movement.
Bitcoin (BTC) Current Statistics
The current price: $93,440
Market Capitalization: $1,870,000,000,000
Trading Volume: $52,380,000,000
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