📈 BTC drops to 89,109 USD (-1.12%), pressured by macroeconomic instability, technical weakness, and low liquidity.
🔻 Key factors: • Concerns over the Bank of Japan raising interest rates — The possibility of increasing rates to 0.75% on December 18 is putting pressure on risk assets. • Technical risks —#BTC is testing the support level $88K , with a bearish flag pattern indicating a potential -20% decline. • Low volatility causing price pressure — The price is stuck in a narrow range from $89,000 to $90,000 as traders await a catalyst. 🔍 What’s important now: • A stronger JPY could deplete the liquidity that cryptocurrency traders rely on. • If the price drops below $88,000, a path down to $84,700 and lower opens. • The market is awaiting the CPI report on December 15 and the Bank of Japan (BOJ) decision on December 18 — these events could mark the next major turning point. 👉 The market remains volatile: price action is subdued, but downside risks are increasing.
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📈 BTC drops to 89,109 USD (-1.12%), pressured by macroeconomic instability, technical weakness, and low liquidity.
🔻 Key factors:
• Concerns over the Bank of Japan raising interest rates — The possibility of increasing rates to 0.75% on December 18 is putting pressure on risk assets.
• Technical risks —#BTC is testing the support level $88K , with a bearish flag pattern indicating a potential -20% decline.
• Low volatility causing price pressure — The price is stuck in a narrow range from $89,000 to $90,000 as traders await a catalyst.
🔍 What’s important now:
• A stronger JPY could deplete the liquidity that cryptocurrency traders rely on.
• If the price drops below $88,000, a path down to $84,700 and lower opens.
• The market is awaiting the CPI report on December 15 and the Bank of Japan (BOJ) decision on December 18 — these events could mark the next major turning point.
👉 The market remains volatile: price action is subdued, but downside risks are increasing.