Will Bitcoin Bulls Reclaim Control in December as BTC Tests $79k–$95k Range?
Bitcoin (BTC) is trading in a $79,000–$95,000 range after a >6% weekly rebound from last month’s dip, though it remains down ~12% over six months. Short-term averages show strength. Immediate resistance lies just above $103,000; a decisive break could target $118,000 (~25% upside from current upper levels). On the downside, support sits near $72,000. Analysts flag mixed indicators: cautious optimism tempered by potential resistance and macro/institutional flows. Traders should expect heightened volatility in December as market participants react to technical levels, positioning, and broader economic drivers. The article also contains promotional commentary from Outset PR about data-led crypto PR services.
Neutral
The article presents a mixed technical outlook rather than a clear catalyst for a persistent trend. Bullish indicators include a recent weekly rebound and strengthening short-term averages; a confirmed breakout above ~$103k would be a clear bullish trigger with a target near $118k. Bearish risk stems from the six-month decline, the defined support at ~$72k, and potential macro or institutional outflows that could increase selling pressure. Historically, Bitcoin often shows higher volatility and range-bound action around year-end as investors rebalance and react to macro headlines — scenarios that can produce sharp short-term moves without establishing a sustained trend. For traders: expect short-term trading opportunities around the identified support/resistance levels, watch volume and liquidation metrics for conviction, and use tight risk management. Longer-term direction will depend on whether BTC can sustain a breakout above resistance or fails and revisits support; absent a decisive macro or on-chain catalyst, the most probable near-term outcome is continued choppy, range-bound trading.