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Summary
• Price surged to $89,900 before correcting sharply, testing a critical support near $87,200.
• RSI shows bearish divergence late in the session, hinting at exhaustion in the upward move.
• Volume spiked during the pullback, confirming renewed selling pressure below $89,000.
• Bollinger Bands widened significantly during the decline, suggesting heightened volatility.
• A 5-minute bearish engulfing pattern formed at session lows, reinforcing near-term bearish bias.
Bitcoin/Tether (BTCUSDT) opened at $88,991.56 on 2025-12-14 at 12:00 ET, surged to a high of $89,900, pulled back to a low of $86,315, and closed at $86,315 at 12:00 ET on 2025-12-15. Total 24-hour volume was 9,827.24
, with a notional turnover of approximately $883.95 million.Structure and Candlestick Formations
The session was marked by a sharp reversal from a 5-minute high of $89,900, forming a bearish engulfing pattern near session lows at $86,315. This suggests strong distribution and a potential short-term top. The price tested the key $87,200 support level with a high volume spike, confirming renewed bearish pressure.
Technical Indicators
MACD showed a bearish crossover late in the session, aligning with the downward price move. RSI declined sharply from overbought territory (70+) to mid-40s, indicating exhaustion in the bullish momentum.

Volume and Turnover
Volume spiked to over 1,063 BTC during the sharp pullback from $89,261.77 to $88,050.00, signaling strong selling pressure. Turnover also increased significantly during this time, supporting the bearish bias. However, divergence between rising price and declining turnover during the initial rally suggests caution.
Fibonacci and Key Levels
The recent 5-minute high at $89,900 and low at $86,315 provide a clear range for Fibonacci retracements. Price tested the 61.8% retracement level at ~$88,300 before continuing lower, and is now near the 38.2% level at ~$87,600. . On the daily chart, the 200 SMA appears to be a key resistance zone around $89,500.
The market may find a short-term bottom near $86,315, but a break below $86,000 could trigger deeper selling. Investors should watch for a potential bounce from the $86,000–$87,000 range but remain cautious of further downside in the next 24 hours if key support levels fail.
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