Bitcoin (CRYPTO:BTC) traded in a narrow range on Dec. 21, hovering just below the psychological $90,000 level as traders weighed the balance between recovery momentum and persistent resistance.
The world’s largest cryptocurrency recorded a subdued 24-hour trading range, signalling market indecision despite a sizeable daily trading volume of $18.29 billion.
Market participants appeared cautious after recent volatility, with sideways price action reflecting a pause rather than a decisive shift in sentiment.
Bitcoin’s daily chart showed the asset stabilising after a sharp decline from roughly $96,538 to lows near $80,537 earlier this month.
Higher lows have gradually formed, suggesting buyers are defending key support zones despite the absence of strong bullish conviction.
Price action has consolidated between $86,000 and $90,000, creating a tightening range that analysts view as a potential prelude to a breakout or breakdown.
The relative strength index stood at 46, reinforcing the view that momentum remains neutral rather than overbought or oversold.