Bitcoin Price Analysis: Key BTC Levels Traders Are Watching Over the Christmas Period

Bitcoin is trading in a compression phase below major resistance, with price caught between a descending trendline and support near the $82K–$84K zone. On lower timeframes, repeated failures around the $89K–$90K region and a declining taker buy–sell ratio point to persistent sell-side pressure. Unless BTC can close above its main trendline or reclaim $90K, the structure leans toward continued consolidation or further downside.