๐ Bitcoin risks first post-halving red year as price stalls near $88K
Bitcoin traded quietly around $88K over the weekend, with traders watching the yearly candle as we head into the New Year.
$BTC
$BNB
$ETH
๐ Whatโs driving the market
โข BTC is still ~6% lower YTD โ risking its first-ever red year after a halving
โข A 3-day RSI bullish divergence is forming on key support
โข A record $24B options expiry may have kept price suppressed
โข Some analysts expect fresh capital rotation in early January
๐ง What traders are saying
Several analysts see low volatility as cyclical โ calm periods often precede expansion.
If Bitcoin breaks above the current trendline, some expect a potential push toward $100K โ but timing remains uncertain.
For now, the yearly open around $93.5K is still in play for a possible retest.
โ
โ ๏ธ Not financial advice.
Crypto is volatile โ always do your own research before investing
#Bitcoin #BTC #Crypto #CryptoNews #CryptoMarket#Halving #BullishDivergence #RSI #BTCPrice #MarketUpdate#Bitcoin #BTC #Crypto #CryptoNews #CryptoMarket #Halving #RSI #BullishDivergence #BTCPrice #TechnicalAnalysis #Volatility #DYOR
Bitcoin traded quietly around $88K over the weekend, with traders watching the yearly candle as we head into the New Year.
$BTC
$BNB
$ETH
๐ Whatโs driving the market
โข BTC is still ~6% lower YTD โ risking its first-ever red year after a halving
โข A 3-day RSI bullish divergence is forming on key support
โข A record $24B options expiry may have kept price suppressed
โข Some analysts expect fresh capital rotation in early January
๐ง What traders are saying
Several analysts see low volatility as cyclical โ calm periods often precede expansion.
If Bitcoin breaks above the current trendline, some expect a potential push toward $100K โ but timing remains uncertain.
For now, the yearly open around $93.5K is still in play for a possible retest.
โ
โ ๏ธ Not financial advice.
Crypto is volatile โ always do your own research before investing
#Bitcoin #BTC #Crypto #CryptoNews #CryptoMarket#Halving #BullishDivergence #RSI #BTCPrice #MarketUpdate#Bitcoin #BTC #Crypto #CryptoNews #CryptoMarket #Halving #RSI #BullishDivergence #BTCPrice #TechnicalAnalysis #Volatility #DYOR