Bulls are dominating over bears on the last day of the week, according to CoinStats.
BTC chart by CoinStatsBTC/USD
The rate of Bitcoin (BTC) has risen by 0.5% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of BTC is more bullish than bearish as it is closer to the resistance than to the support.
If buyers’ pressure continues, there is a chance to see a level breakout, followed by a test of the $88,500 zone. Such a scenario is relevant until tomorrow.
Image by TradingViewOn the bigger time frame, neither side has seized the initiative as the rate of the main crypto is far from the key levels. The volume is low, which means sideways trading around the current prices is the more likely scenario for the upcoming week.
Image by TradingViewFrom the midterm point of view, the situation is similar. As neither bulls nor bears are dominating, traders are unlikely to see sharp moves in the first days of 2026.
Bitcoin is trading at $87,924 at press time.
Source: https://u.today/bitcoin-btc-price-analysis-for-december-28
