Bitcoin Holds Steady Around $92,000 Amid Near-term Range-Bound Trading

MrRightClick · 2026-01-12T06:29:21+00:00

Bitcoin is trading around $92,170, expected to consolidate between $86,000 and $92,000 due to market conditions. Analysts warn against overreacting to short-term patterns as investors rebalance portfolios and engage in tax strategies, leading to potential liquidations.

MrRightClick

2026-01-12 06:29:21

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Bitcoin is currently trading near $92,170, with market observers suggesting the digital asset may consolidate within a $86,000 to $92,000 corridor in the coming weeks. Wintermute’s trading strategist Jasper De Maere cautioned against drawing too many conclusions from technical chart patterns at this juncture, citing multiple headwinds that could pressure near-term momentum.

The strategist anticipates a wave of position liquidations across the next fortnight, primarily stemming from two key factors. First, institutional and retail investors are rebalancing portfolios ahead of year-end closings. Second, tax-loss harvesting and other tax-related strategies are being executed as the calendar year winds down, creating selling pressure despite the $92,000 level holding as a psychological resistance.

Given this backdrop, De Maere’s outlook suggests traders should adopt a measured approach rather than reading too deeply into daily chart movements. The $86,000-$92,000 range represents a period of price discovery and consolidation, where support levels remain intact but upside breakout momentum may be temporarily exhausted. This pattern is not uncommon during transition periods when financial institutions lock in gains before the new year.

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