Bitcoin may trade within a defined range of $86,000 to $92,000, according to Wintermute‘s trading strategist Jasper De Maere. He cautions against overreliance on near-term indicators as markets absorb year-end dynamics.
Market participants anticipate further profit-taking into the year-end window, driven by portfolio adjustments and tax considerations. De Maere notes that the move is likely to persist as traders calibrate risk in light of liquidity shifts.
He adds that the market may remain rangebound until a fresh catalyst emerges, with the late December options expiration highlighted as a potential driver of volatility. While not confirming a bottom, he observes early signs of support forming and suggests the near term may appear oversold.
Source: https://en.coinotag.com/breakingnews/bitcoin-to-trade-in-86k-92k-range-with-sideways-drift-ahead-of-december-options-expiration-wintermute-strategist-says
