Following the conclusion of Christmas weekend, Bitcoin surged back above $90K and then fell below $87K. The rise came while FUD was becoming very high, as usual. Now that prices have dropped back, traders are being cautious again. Following the Christmas weekend, Bitcoin briefly surged above $90K before retreating below $87K.
The move occurred as FUD rose to elevated levels, a familiar pattern in volatile markets. Traders have since adopted a cautious stance as prices pulled back. The pullback underscores ongoing uncertainty in near-term price action, with investors weighing potential catalysts against a backdrop of risk sentiment. Liquidity conditions and headline risk can continue to drive rapid swings in the crypto space.
As the new week begins, market participants will look for support levels and possible signs of a renewed uptrend or further downside, depending on macro cues and trading flow. Traders will monitor key support zones and on-chain signals to gauge the next move. The outcome will likely hinge on liquidity and evolving sentiment in the wake of the Christmas rally and subsequent pullback.
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