#BTC BTC (BTC) failed to break $100,000: Short-short term investors' concerns

BTC appeared to have a signal on December 25th, suggesting a potential 'Christmas rebound' as the price attempted to return to the $100,000 threshold. However, before reaching the target, this rebound stalled. The unsuccessful recovery has left short-term investors questioning whether the price will rebound quickly.
Will the price of cryptocurrency remain below six figures?
Sentiment is pessimistic towards Bitcoin
BTC failed to return to $100,000, causing its price to drop below $97,000 and negatively impacting its market share. However, this downward trend is not over yet.
Last week, there was a significant decrease in the activity of investors holding BTC for 30 to 365 days, as recorded by the holding time tracking indicator.
This group is commonly referred to as short-term investors and plays a crucial role in reflecting market sentiment. The rise of this group typically signifies growing optimism, but the recent decline indicates a decrease in confidence among these investors.
If this trend continues, it may mean that the downward pressure on the value of Bitcoin may continue in the short term.
Another indicator that strengthens this sensitivity is the short-term net unrealized profit and loss (STH-NUPL) indicator. STH-NUPL measures the behavior of investors who hold coins for less than 155 days.
Through these data, you can understand whether BTC short-term investors are optimistic, fearful, or greedy. The indicator has fallen into the hope or fear zone (orange), indicating that investors are skeptical about a significant rebound in BTC. It is said that if this situation continues, BTC may have difficulty attracting enough demand to lift the price.
BTC Price Prediction: Below $90,000?
On the daily chart, the price of BTC encountered resistance at $99,332. This obstacle is one of the reasons why the cryptocurrency failed to rise to $108,398. Under this resistance, BTC's failed recovery seems to continue in the short term.
In addition, the relative strength index (RSI) has fallen below the neutral point of 50.00. This decline indicates that the momentum around BTC has turned into a bearish trend. If this situation continues, the coin could fall to $85,851. However, if the bulls can push BTC above the resistance of $99,332, the trend may change.#圣诞狂欢季，加密市场年终猜测