$BTC Market Structure ⬇️
Bitcoin marked a local bottom on Nov 21 near ~$80.5k. Since then, price has entered a prolonged compression phase, ranging between ~$84k–$90k for over a month.
This is not weakness, this is absorption.
The $90k level is the pivot.
It represents prior range support, now acting as supply. Reclaiming it would confirm acceptance back into the value area.
Path forward:
• $90k reclaim → rotation toward ~$95k
• Sustained acceptance above ~$95k → $100k+ unlocks
• Above $100k → continuation into price discovery
What stands out is the failure of sellers to force lower lows. Each downside probe has been met with aggressive demand, suggesting strong hands are accumulating rather than distributing.
Markets do not consolidate this long without intent.
Volatility is being stored, not destroyed.
Unless ~$80k is lost with conviction, the broader structure continues to favor upside expansion.
Bias: Bullish.
#BTC90kChristmas #BTC #bitcoin #Market_Update #BinanceSquareFamily