Wintermute analyst: Bitcoin is oversold in the short term, but the sideways trend may continue in the near future
2025-12-19 16:47:32
Jasper De Maere, trading strategist at Wintermute, said that Bitcoin is oversold in the short term, but the sideways trend may continue, and it may currently fluctuate in the range of $86,000 to $92,000. It is not advisable to read too much into technical indicators at this time, and expect more profit-taking in the next two weeks, mainly driven by year-end portfolio adjustments and tax factors. He expects Bitcoin's sideways trend to continue until new catalysts emerge, one of which may be a large option expiration in late December. Although it is too early to assert that the market has bottomed, the market has started to show signs of bottoming.
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