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Market Analysis – December 19
BTCUSD retains a bearish bias as downside pressure outweighs recovery attempts. BTCUSD remains positioned within a negative technical landscape, with price trading beneath short-term moving averages near $88,300 and $89,700, underscoring sustained downside alignment. The declining posture of these averages indicates that selling interest continues to outweigh demand, while upside reactions lack meaningful depth. Momentum conditions remain weak, as the MACD holds below the equilibrium line, reflecting limited traction behind any short-lived recoveries.
Price behavior continues to reflect deterioration, marked by successive lower highs and lower lows on the daily chart. The loss of the $90,000 threshold has shifted prior support into an active supply zone, consistently restricting upward price attempts around $89,000–$90,100. Although price is stabilizing above the $85,000 area, the prior trendline failure suggests the consolidation phase is corrective and not indicative of renewed accumulation.
Looking forward, BTCUSD remains exposed to additional downside risk unless a firm daily close above $90,000 materializes. A sustained move below $85,000 would likely accelerate selling toward the $80,000 area, with a broader extension potentially targeting the $74,400 region. Overall, the technical outlook continues to favor bearish continuation until price structure and momentum conditions materially improve.
BTCUSD Short-Term Trend: Bearish
BTCUSD has confirmed a bearish breakout on the four-hour chart, with price slipping decisively below the rising trendline and holding under the short-term moving averages near $86,800 and $86,500. This breakdown signals a loss of structural support, while repeated rejections around $90,000–$91,400 highlight persistent supply pressure.
Momentum remains weak, as the MACD stays below the zero line and shows limited bullish follow-through on minor rebounds. If price fails to reclaim $87,000, downside risk opens toward $82,000, with a deeper extension possible toward the $78,000 region, a scenario closely monitored alongside broader market context and crypto signals.
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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