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Market Analysis – December 12
BTCUSD maintains a bearish structure amid weakening momentum signals globally. BTCUSD continues to exhibit a broadly defensive market posture, with price action aligned against prevailing momentum indicators. The pair trades below its short- and medium-term moving averages around $90,900 and $90,500, reflecting sustained downside pressure. The MACD remains below the zero line, despite marginal histogram stabilization, suggesting bearish control persists even as selling intensity moderates. Overall indicator alignment supports a continuation of risk-off positioning rather than a credible trend reversal.
From a technical execution perspective, price has respected a well-defined descending trendline originating near the $126,300 high. Successive lower highs beneath $110,500 and $102,100 confirm structural weakness and declining demand at premium levels. Recent consolidation above the $85,000 zone lacks impulsive follow-through, indicating corrective congestion rather than accumulation. Repeated failures to reclaim $91,500 reinforce this area as a firm supply band.
Looking ahead, the technical framework favors renewed downside exploration should $85,000 fail on a closing basis. A breakdown below this level would likely expose $74,400 as the next downside objective, followed by deeper valuation support near $66,800. Any interim rebounds toward $91,500 or $102,000 are expected to encounter selling interest and be treated as corrective rallies. Until price decisively reclaims $110,500, the broader BTCUSD outlook remains bearish.
BTCUSD Short-Term Trend: Bearish
BTCUSD on the four-hour chart maintains a bearish bias, with price capped below the declining trendline and the $91,400–$91,700 resistance zone. The pair continues to trade beneath its short-term moving averages near $90,300 and $90,700, signaling weak upside efficiency. Price action shows corrective consolidation rather than accumulation, with $85,000 remaining the nearest structural support. A failure to reclaim $91,700 is likely to expose renewed downside toward $80,000 in the sessions ahead, as traders monitor emerging crypto signals for confirmation.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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