Overview
- Veteran trader Peter Brandt says the recent bounce may be a final retest of a bearish broadening top, flagging downside that could start below $70,000 and extend toward the mid-$40,000s.
- Near-term resistance around $93,000–$95,000 is capping price, while analysts say a confirmed daily break could target roughly $98,200 to $107,500.
- Multiple charts highlight layered support at $87,600–$86,000, a stronger area near $84,000, and a deeper cushion around $74,500–$71,200 if selling accelerates.
- U.S. spot bitcoin ETFs have posted eight positive sessions out of the last ten, suggesting tentative institutional re-entry after November outflows.
- K33 Research argues a December rebound looks more plausible than a major collapse, citing supportive $70,000–$80,000 levels, cautious positioning, and subdued leverage.