Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.
Bitcoin (BTC) is struggling to rebound after falling roughly 9% last week. This suggests that the bulls are playing it safe and are not hurrying to buy the dips. One exception is MicroStrategy, which added 5,262 Bitcoin between Dec. 16 and Dec. 22 at an average price of about $106,662.
Although Bitcoin has given up ground from its all-time high of $108,353, a minor positive is that the bears have not been able to pull the price below the solid support at $90,000. This suggests that the bulls are not rushing to exit their long positions.
Daily cryptocurrency market performance. Source: Coin360
