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BTCUSD Market Analysis – December 9
BTCUSD (Bitcoin) continues to signal sustained downside pressure as the broader market structure weakens. Price action remains below both the short-term moving averages and the descending trendline, reinforcing a persistent bearish bias within a corrective framework.
Bitcoin (BTCUSD) Key Levels
Support Levels: $85,100.00, $74,420.00 Resistance Levels: $102,110.00, $110,140.00
BTCUSD Long-Term Trend: Bearish
Momentum indicators remain subdued, with the RSI holding in the mid-40s, reflecting limited demand and a lack of strong buying interest. This alignment between trend metrics and momentum conditions supports the view that bearish pressure continues to dominate the market environment.
Technically, the pair has repeatedly failed to break above the descending trendline near $90,760, confirming steady seller engagement at lower highs. BTCUSD currently sits between minor resistance around $90,340 and intermediate support near $85,010, forming a consolidation phase within a broader decline. The inability to reclaim overhead levels shows weakening recovery attempts, while rejection wicks near the trendline emphasize persistent selling pressure.
Given the prevailing structure, BTCUSD appears vulnerable to a renewed downward extension if the $85,010 support level breaks. A decisive move below this zone could expose the next liquidity pocket around $76,420, with deeper downside risk stretching toward approximately $66,780 if bearish momentum intensifies. Unless buyers push price back above $90,760, the market is likely to retain its downward trajectory with growing susceptibility to further valuation declines.
BTCUSD Medium-Term Trend: Bullish
BTCUSD maintains a constructive bullish structure on the four-hour chart, with price holding above the ascending trendline drawn from the $85,010 region. The moving averages remain aligned in support of the trend, indicating stable buying activity around the $90,480 zone.
RSI momentum remains neutral to positive, suggesting that buyers may regain control after temporary pauses. If the current structure holds, price could attempt another move toward the overhead resistance near $102,100, where BTCUSD traders may begin watching for crypto signals as the next short-term direction develops.
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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