The price of Bitcoin is around 89,015 dollars with a negative variation in the last hours of -1.21% and it has moved in a range of 88,531 dollars as minimum and 90,472 dollars as maximum in the last 24 hours. {spot}(BTCUSDT) The market shows a slight stability, although analysts point out that December has had episodes of correction and specific drops.
The RSI remains in neutral zone 50.22, which indicates that it is neither overbought nor oversold.
Despite today's specific stability, analysts warn that the market could face downward pressures in the coming weeks,
In summary, today Bitcoin remains stable around 90,000 dollars but the technical indicators and market sentiment point to a risk of downward correction in the short term.
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The first thing is that after the price of the currency consolidates at a high level, there is usually a new high. After this consolidation at a low level, there is often another new low, so we need to wait until the direction of the market change becomes clear before we take action. $BTC
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This market is constantly distributing wealth, flowing from those with insufficient understanding to those with deep understanding.
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The second coin might need to rise to 2600 again (it also needs time to verify) Whether it really has bottomed out can only be determined after at least 2-3 weeks. Sister Yun previously suggested going long starting from the large coin at 81000, which had a space of 12,000 points! The second coin started at 2700, which also has a space of about 400 points! Currently, the pressure above the large coin is focused on the 93000 line, and the support below is focused on the 80000 line!