Bitcoin's Price Outlook: Bullish or Bearish?
Update: 2025-12-12
Description
Bitcoins price remains steady around $92,200, unaffected by the Federal Reserves interest rate cut. Traders find the market dull, with Bitcoin stuck in a small upward trend within a broader downtrend. Technical traders watch for two scenarios: a break above a bearish trendline signaling the end of the downtrend, or a fall below a small ascending channel confirming the broader downtrend. The MACD histogram hints at renewed upward momentum, and a weaker dollar benefits Bitcoin. The Nasdaqs recovery and Bitcoin sellers waning strength suggest a bullish outlook, but a break below the mini-ascending channel could test support levels around $80,000.
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