Bitcoin Slips After 93K Rejection as Macro Winds Shift Into December
BTC fails at the weekly cloud and retreats toward 90K, yet improving on-chain and macro conditions hint at a more complex December setup.
🪙 Crypto Market Overview
The monthly options expiration passed without drama, and no late-month squeeze emerged. Bitcoin has pulled back from 93,200 USD — exactly where the top of the weekly Ichimoku cloud sits — and is now retesting the 90,000 USD area. The rejection aligned with a touch of the 20-day moving average and a developing bearish reversal candle, creating room for a few days of softness.
Short-term sellers have a clean target near 87,000 USD, where a dense block of buy-side liquidations sits. That level is also the midpoint of the weekly cloud and sits just above the 86,800 USD weekly close — the lowest print since April. It’s a pivotal zone for both structure and sentiment.
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