Analyst: Bitcoin may fluctuate within the $86,000 to $92,000 range

December 20, Wintermute trading strategist Jasper De Maere stated that Bitcoin may fluctuate within the $86,000 to $92,000 range. Currently, it is not advisable to over-interpret technical indicators, and more profit-taking is expected in the next two weeks, mainly driven by year-end portfolio adjustments and tax considerations. He anticipates that Bitcoin’s sideways movement will continue until new catalysts emerge, one of which could be the large-scale options expiration in late December. De Maere said that while it is still premature to assert that the market has bottomed out, signs of a bottom are beginning to appear. “In the short term, I am confident that we are already oversold.”