The market is engaging in its customary charade of pretending to care about the red zone, though a few coins are still smugly basking in the green, as if they’ve never heard of gravity. CoinMarketCap, that paragon of impartiality, reports this farce with the solemnity of a bishop at a funeral.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.65% over the last 24 hours. One might call it a “technical rally,” or perhaps a “triumph of hope over experience.”
On the hourly chart, BTC has descended from its lofty perch of $89,150, a local resistance level set by someone who clearly overestimated their own importance. Should the daily bar close far from this mark, we may witness a “correction” (read: a tantrum) down to $86,000. A thrilling descent, if one enjoys watching grown-ups cry over decimal places.
On the longer time frame, neither bulls nor bears have managed to outdo each other, as BTC languishes in a no-man’s-land between support and resistance. A stalemate so profound it could make a chess match feel like a sprint.
With neither side dominating, the likelihood of “sharp moves” this week is roughly equivalent to a snowball surviving in hell. One might as well bet on a teacup moonwalk.
From a midterm perspective, the volume is low enough to suggest even the market’s most ardent participants have abandoned their posts for tea breaks. The most likely scenario? A tedious waltz between $84,000 and $94,000 until the calendar flips to a new month. A performance so lackluster it could put even the most enthusiastic HODLer to sleep.
At press time, Bitcoin is trading at $88,147. A figure so unremarkable it could be the cost of a moderately decent dinner in London. Bon appétit.
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2025-12-18 19:41