Bitcoin is trading near the upper boundary of a descending channel, with prices hovering between $90,000 and $91,000. Analyst Xanrox highlights a fair value gap between $91,000 and $92,000, which is acting as resistance, while key support is identified at $74,620. As the market approaches the new year, Xanrox emphasizes that Bitcoin's price prediction is based on structural analysis rather than market sentiment.