Bitcoin is walking a tightrope right before Christmas and, to be honest, the bulls seem to be losing steam after the frenzy of the past months. 📉 If you thought that $90,000 was conquered territory, reality just gave us a cold shower: the king coin not only failed to break that barrier, but also slipped below $88,000, leaving many on edge. 🧊
The situation is as follows: Bitcoin attempted to recover ground from $90,500, but encountered a wall of sellers that pushed it down. Currently, we are seeing the price struggle to stay above $86,800, a level that analysts call the "61.8% Fibonacci retracement," which in simple English is basically the last line of defense before the drop gets ugly. 🛡️ If we lose that support, get ready, because the next strong floor is at $84,500.
Why is this happening? Technical indicators like the MACD and the RSI (which tell us how much strength the movement has) are shouting "watch out". The RSI has already fallen below the 50 level, which means that sellers currently have control of the remote. 🎮 Additionally, there is a very marked "downward trend line" at $87,650 that is acting as a concrete ceiling; if we fail to close above that and $88,500, Santa Claus's bounce could end up being just wishful thinking. 🎅❌
Despite this downturn, not everything is drama. If the price manages to stabilize above $87,000, we could see an attempt to recover towards $90,000 or even $92,000 if the market regains confidence. But be careful, as liquidity during these times can be treacherous and any false move from the whales can rock the boat more than expected. 🐳🌊
At the end of the day, the market is reminding us that in the crypto world nothing is set in stone and that patience is the most valuable asset. Are we facing a last-minute buying opportunity or is this the start of an early winter before we hit 2026? 🧐$BTC
