On Friday morning, the price of Bitcoin was $92,364, with an intraday range of $89,425 to $93,467. Consolidation was then observed around the $90,000 level.
The trend may not be signaling a reversal just yet, but a break above the $95,000 zone, especially with significant trading volume, will change market sentiment. Until then, price fluctuations between $89,000 and $92,000 will be a waiting game.
BTC/USD daily chart on Bitstamp 12 Dec 2025
The 4-hour chart shows that Bitcoin is demonstrating short-term strength. After falling to $83,814 on December 1st, BTC has risen to $94,652 and is now moving within a tighter channel. Higher lows and increasing volume of green candles signal that the bulls are gaining momentum.
However, resistance remains strong in the $94,000-$94,500 region, and repeated tests of support above $89,000 suggest that this situation favors sharp entries and disciplined exits.
4-hour chart of BTC/USD on Bitstamp 12 Dec 2025
The hourly chart shows a cooling of the market after briefly flirting with $94,652. The correction returned the price to $92,000–92,500, where it is currently languishing. The momentum oscillator is showing 1060, a classic overbought signal, and the relative strength index (RSI) at 49 confirms a decline in activity.
With trading volume dwindling, short-term players could become stuck in their positions unless some catalyst gets the chart moving again.
BTC/USD Hourly Chart Bitstamp 12 Dec 2025
Oscillator readings across all timeframes are showing classic signs of indecision. The Relative Strength Index (RSI), Stochastic Oscillator, Commodity Channel Index (CCI), Average Directional Index (ADX), and Awesome Oscillator are all showing neutral values, with only momentum leaning negative, and the Moving Average Convergence Divergence (MACD) indicator showing a contradictory positive trend.
This means the market is torn between wanting to catch its breath and planning its next move.
24-hour BTC price change. Data from CoinGecko
The moving averages (MAs) are showing a curious contradiction: the 10-day and 20-day exponential and simple moving averages (EMAs and SMAs) are pointing to an uptrend, while the 30-day exponential moving average at $93,146 is pointing to a bearish trend.
Furthermore, the 50-day and 200-day SSAs, both exponential and simple, are clearly trending lower, while the 100-day and 200-day SSAs are at $105,792 and $108,771, respectively. This contradictory dynamic suggests one thing: short-term signals are struggling to overcome long-term bearish pressure.
According to coinglass.com statistics, open interest on all futures exchanges is Bitcoin grew to $59,57 billion, representing 645,34 BTC in contracts. CME took first place with open interest of $11,67 billion, now accounting for 19,58% of the total volume, which is unsurprising given its 2,10% increase over the past 24 hours. The bottom line is that institutional interest is not waning.
Binance follows with open interest of $10,92 billion and growth of 1,29% over the same period. bybit and Gate are showing alarming short-term performance with 24-hour declines of -0,66% and -2,24% respectively, indicating either a loss of leveraged market share or a sharp reversal.
Opening of futures trading on Bitcoin on Friday, December 12, 2025. Source: Coinglass