Last time we expected a quick closing of the gap and a return of BTC to at least 85K, with a possible move to 90-92K within the sideways trend. However, the market decided to go its own way. Instead of a confident rise, the price only briefly bounced to 84K, after which it updated the local minimum and closed the November GAP at 77K. Everything is going according to the script, but no longer according to the one we were counting on — it’s too early to relax.
What is happening in the market?
The bounce was weak – the attempt to hold above 84K failed, and sellers took the initiative again.
BTC is still holding on support – but if the level does not hold, we are in for further declines.
The broad sideways trend continues – the market remains in a zone of uncertainty, creating an illusion of control before the next step.
What to expect next?
There is a possibility of a return to 87K to close the last GAP and test the descending resistance. If a downward reversal follows from there, we will see new lows.
Preparing for the worst, hoping for the best
As long as BTC does not hold above important levels, it is premature to talk about the start of a rise. The market is still playing on nerves, but clarity will come soon.