Bitcoin remains under pressure, trading below the 0.382 Fibonacci level at $90,700, as sellers dominate ahead of the December 26 options expiry. The cryptocurrency is currently compressed around $87,400 after several unsuccessful attempts to break higher. The bearish alignment of the 20, 50, 100, and 200-day EMAs continues to support the downtrend. A breakout above $91,000 could signal a bullish shift in the short-term outlook for Bitcoin. Conversely, a decline below $85,000 may lead to a test of the $80,600 support level, highlighting the critical juncture Bitcoin faces in the coming days.
Bitcoin Struggles Below Key Resistance as Options Expiry Looms
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