Bitcoin (BTC) began the week dropping nearly 10% from the recent highs and 
retesting the $84,000 area before bouncing. As price risks more downside with 
early bear market signals, a market observer suggested that the upcoming weeks 
will be crucial for BTC’s future path. Related Reading: Zcash (ZEC) Leads 
Market Pullback With 24% Drop, Analysts Warn Of Another Crash Ahead Bitcoin 
Holds Key Weekly Range Last week, Bitcoin led the brief market recovery, 
surging from its seven-month low of $80,600 toward the $93,000 area, retesting 
a key weekly re-accumulation range between these two levels. However, the 
Sunday correction sent the price back to the range lows, raising concerns 
about the flagship crypto’s short-term future. Analyst Rekt Capital 
highlighted that BTC is stabilizing within its weekly range, holding its 
position above the $82,000 range low. This area marks the top of an early 2025 
liquidity cluster that developed around the 50-Week EMA, where the price has 
tapped with three downside wicks over the past month. “Last week’s Weekly 
Close above the Range Low enabled a relief move toward $93,500,” the analyst 
explained, “but that level acted as clean resistance,” after Friday’s 
rejection. To the analyst, maintaining stability around the weekly range lows 
is important because further downside wicking into the cluster is probable. 
However, he noted that the consolidation structure remains intact as long as 
BTC’s price continues to hold above the range low in the weekly timeframe. 
Rekt Capital added that Bitcoin continues to trade below a sharply declining 
Macro Downtrend that “has been dictating resistance throughout this phase of 
the cycle.” Per the analysis, “A breakout soon would require reclaiming higher 
price levels, whereas a later attempt would meet the trendline at lower 
valuations, narrowing the distance between the current price and resistance.” 
“In either case, the Macro Downtrend remains the dominant structural barrier, 
and Bitcoin’s path forward depends on whether consolidation near the Weekly 
Range Low can bring price closer to a meaningful test of this sharply 
descending level,” he continued. BTC’s Vulnerable Technical Environment 
Raises Alarms Rekt Capital also highlighted that BTC remains below the 21-Week 
EMA and 50-Week EMA, which could pose a problem for its future price action as 
the distance between these moving averages continues to narrow. As he 
detailed, when these EMAs compress and ultimately cross, it tends to precede 
further downside. Although it usually takes weeks after the crossover for 
price acceleration to “fully unfold,” it still implies that the crossover risk 
is increasing. The two EMAs currently represent potential resistance levels on 
future relief attempts, with the 50-Week EMA retest “leaving room for a future 
rejection if price revisits it.” Related Reading: Revisiting $85,000: Bitcoin 
Price Drop Linked To Japanese Government Bonds This position, the analyst 
explained, places BTC in a “vulnerable technical environment” as “the 
convergence of the EMAs toward the Macro Downtrend creates a layered zone of 
resistance that will be difficult to overcome unless price can reclaim one of 
these moving averages and stabilise above it.” Until Bitcoin successfully 
turns one of the EMAs into support, “the structure resembles the early-stage 
clustering seen in prior cycles where EMAs compressed before a broader bearish 
continuation,” the analyst concluded. As of this writing, Bitcoin is trading 
at $88,294, a 2.3% increase in the daily timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch

A bill clarifying that property laws apply to crypto was given royal assent in 
the UK, with advocates hailing the move as giving crypto “a much clearer legal 
footing.”

UK takes ‘massive step forward,’ passing property laws for crypto

Coinbase accelerated its global crypto footprint in November, unveiling new 
lending tools, fresh onchain features, and broader international access that 
signal expanding momentum across retail, institutional, and developer markets. 
Coinbase Details Broad November Expansion Across Products and Regions Crypto 
exchange Coinbase (Nasdaq: COIN) shared on social media platform X on Dec. 2 
that it advanced […]

Coinbase Turns up the Heat With Worldwide Rollouts and Prime-Grade Assets

XRP price started a recovery wave from $1.9840. The price is now rising above 
$2.120 and might face hurdles near the $2.250 pivot level. XRP price started a 
recovery wave from the $1.9840 zone. The price is now trading above $2.120 and 
the 100-hourly Simple Moving Average. There was a break above a key bearish 
trend line with resistance at $2.150 on the hourly chart of the XRP/USD pair 
(data source from Kraken). The pair could continue to move up if it settles 
above $2.250. XRP Price Recovers Over 5% XRP price extended losses below the 
$2.050 support, like Bitcoin and Ethereum. The price even spiked below $2.00 
before the bulls appeared. A low was formed at $1.9844, and the price is now 
attempting to recover. There was a move above the $2.050 and $2.120 levels. 
The bulls were able to push the price above the 50% Fib retracement level of 
the downward move from the $2.2750 swing high to the $1.9844 low. Besides, 
there was a break above a key bearish trend line with resistance at $2.150 on 
the hourly chart of the XRP/USD pair. The price is now trading above $2.150 
and the 100-hourly Simple Moving Average. If there is a fresh upward move, the 
price might face resistance near the $2.20 level or the 76.4% Fib retracement 
level of the downward move from the $2.2750 swing high to the $1.9844 low. The 
first major resistance is near the $2.250 level. A close above $2.250 could 
send the price to $2.320. The next hurdle sits at $2.350. A clear move above 
the $2.350 resistance might send the price toward the $2.40 resistance. Any 
more gains might send the price toward the $2.450 resistance. The next major 
hurdle for the bulls might be near $2.50. Another Decline? If XRP fails to 
clear the $2.250 resistance zone, it could start a fresh decline. Initial 
support on the downside is near the $2.120 level. The next major support is 
near the $2.10 level. If there is a downside break and a close below the $2.10 
level, the price might continue to decline toward $2.050. The next major 
support sits near the $2.00 zone, below which the price could continue lower 
toward $1.920. Technical Indicators Hourly MACD – The MACD for XRP/USD is now 
gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The 
RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.120 and 
$2.10. Major Resistance Levels – $2.20 and $2.250.

XRP Price Rebounds From Lows as Bulls Push Recovery Toward Key Levels

Bitcoin continues to trade below $90,000, struggling to recover after several 
days of heavy selling and aggressive long liquidations. Sellers keep pushing 
price lower, and bulls fail to reclaim momentum, creating a market environment 
filled with uncertainty and fear. Every attempt to bounce meets immediate 
resistance, showing how much control bears currently hold. Related Reading: 
Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K 
Level Data shared by Axel Adler shows a clear shift in derivatives pressure 
toward buyers. The liquidation dominance oscillator now sits at 32%, one of 
its highest readings in recent years. This level signals that leveraged bulls 
keep taking the majority of the damage, with long positions consistently wiped 
out as volatility rises. Instead of absorbing the drawdown, many traders 
continue to unwind or get forced out of their positions. These repeated long 
liquidations fuel deeper downside moves and block any meaningful recovery 
attempts. The market now watches closely to see whether this wave of forced 
selling will continue dragging Bitcoin lower or if the pressure is finally 
reaching exhaustion. Long Liquidations Dominate as Bitcoin Faces Renewed 
Downside Pressure Adler explains that the liquidation dominance oscillator 
measures the ratio between long and short liquidations across the derivatives 
market. When the indicator prints positive values, shown as green bars, long 
positions take the bulk of the damage. Negative values reflect a dominance of 
short liquidations. Bitcoin’s current reading of 32% stands out as one of the 
highest levels seen in the last three years, highlighting how aggressively 
bulls have been forced out during this correction. November illustrates this 
perfectly. The market saw three separate waves of long liquidations, each 
exceeding $400 million. Every one of those spikes aligned with a sharp 
acceleration in Bitcoin’s price decline, reinforcing how leveraged buyers 
repeatedly amplified downside momentum. Rather than stabilizing the market, 
each flush created more selling pressure and triggered deeper unwinding across 
futures platforms. The most recent liquidation wave reached $221 million, 
hitting the market right as Bitcoin attempted a short-term recovery. That 
flush immediately reversed the bounce and dragged BTC back down to the $86,000 
region, erasing nearly all of last week’s gains. The persistent dominance of 
long liquidations shows that bulls remain under heavy stress—and until this 
dynamic eases, Bitcoin will struggle to build sustainable upside. Related 
Reading: Massive Ethereum Distribution Continues: Whale Sends Another 5,000 
ETH To Binance Bitcoin Market Searches for a Higher Time-Frame Floor Bitcoin’s 
weekly chart shows the market pressing into a critical support zone after 
weeks of heavy selling. The price has dropped from the $115,000 region to the 
$86,000–$88,000 range, where it now interacts directly with the 100 SMA. This 
moving average has served as a key structural support in previous cycles, and 
Bitcoin’s current test of it will likely determine whether the broader uptrend 
holds or breaks down further. The recent candles highlight intense volatility. 
Bitcoin briefly dipped to nearly $84,000 before buyers stepped in, forming a 
lower wick that shows early attempts to defend this level. However, the 
rebound remains shallow, and the 50 SMA continues to slope downward — a sign 
that short- and mid-term momentum still favors sellers. For bulls to regain 
control, BTC needs to reclaim $95,000 on a weekly closing basis. Related 
Reading: Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch 
These Levels Volume adds weight to the bearish pressure. Selling spikes 
dominate recent weeks, revealing a mix of forced liquidations and fear-driven 
exits rather than healthy profit-taking. As long as BTC trades below the 50 
SMA, the market remains vulnerable to deeper retracements. If the 100 SMA 
fails to hold, the next major liquidity zone sits near $70,000–$72,000, 
aligning with previous consolidation and the long-term 200 SMA. The next 
weekly close will be decisive. Featured image from ChatGPT, chart from 
TradingView.com

Cryptocurrency price in SAR