Bitcoin maintained a stable position at $87,489 on Christmas Day, experiencing low trading volume and sideways price movement. The cryptocurrency market showed mixed signals, with the fear and greed index reflecting uncertainty as Bitcoin consolidated between $86,000 and $87,000. Candlestick patterns, such as Dojis, indicated indecision among traders.
Technical indicators, including the RSI and MACD, suggest a cautious market outlook, with major moving averages positioned above the current price. A breakout above $88,800 is anticipated, but traders are waiting for a volume-driven move to determine a clear market direction.
Bitcoin Steadies at $87,489 Amid Low Christmas Trading Volume
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