Bitcoin (CRYPTO:BTC) volatility intensified over the past week as prices swung sharply between resistance near $90,000 and support around $85,000, underscoring heightened market uncertainty.
Market data indicated repeated buying interest close to $85,000, forming a narrow yet unstable trading range that has dominated recent price action.
Despite a short-term rebound, broader sentiment remains fragile as Bitcoin continues to trade within a corrective trend that began in early October.
Analysts noted that investors remain cautious, with risk appetite dampened by declining trading volumes and persistent macro uncertainty.
Prominent market analyst Ted Pillows highlighted historical price structures that he believes could provide insight into Bitcoin’s next major move.
In a post shared on X on December 19, Pillows argued that Bitcoin’s current structure closely resembles a market setup last seen during the 2021–2022 cycle.
According to Pillows, this recurring technical pattern suggests Bitcoin could attempt to reclaim the $100,000 level in the near term.
His analysis identified the formation of a head-and-shoulders pattern, a structure often associated with significant trend shifts.